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Week of Expected Pricing 7/21/2023
Company Name TURNSTONE BIOLOGICS CORP
Proposed Ticker TSBX
CUSIP 90042W100
Business Description A clinical stage biotechnology company focused on developing new medicines to treat and cure patients with solid tumors. Approved immunotherapies represent a significant advancement in the treatment of solid tumors, but many patients either do not respond or experience relapsed disease following an initial response. We believe the most significant challenge to creating curative immunotherapies in these patients is the low numbers of T cells that can recognize and attack the tumor, which we refer to as tumor-reactive T cells. To address this problem, we are pioneering a differentiated approach to tumor infiltrating lymphocytes, or TILs, a clinically validated technology for treating solid tumors. We are developing next generation TIL therapies by selecting the most potent (meaning able to mediate an anti-tumor response) and tumor-reactive T cells, which we refer to as Selected TILs.
Lead Underwriter BofA Securities, Inc, Leerink Partners LLC, Piper Sandler & Co
Co-Managers N/A
Initial Shares 58,00,000
Revised Initial Shares 66,66,667
Initial Price $12.00-$14.00
Revised Price $12.00-$12.00
Final Price $12.00
Final Ticker TSBX

 

 

   
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