Research Options:

Week of Expected Pricing 10/11/2024
Company Name UPSTREAM BIO INC
Proposed Ticker UPB
CUSIP 91678A107
Business Description We are a clinical-stage biotechnology company developing treatments for inflammatory diseases, with an initial focus on severe respiratory disorders. We are developing verekitug, the only known antagonist currently in clinical development that targets the receptor for Thymic Stromal Lymphopoietin (“TSLP”), a cytokine which is a clinically validated driver of inflammatory response positioned upstream of multiple signaling cascades that affect a variety of immune mediated diseases. Preclinical and clinical data to date demonstrate verekitug’s highly potent inhibition of the TSLP receptor, which we believe will translate to a differentiated product profile, including improved clinical outcomes, substantially extended dosing intervals and the potential to treat a broad spectrum of patients. We have advanced this highly potent monoclonal antibody into separate Phase 2 trials for the treatment of severe asthma and chronic rhinosinusitis with nasal polyps (“CRSwNP”) and plan to initiate development in chronic obstructive pulmonary disease (“COPD”).
Lead Underwriter J.P. Morgan Securities LLC, Piper Sandler & Co, TD Securities (USA) LLC, William Blair & Company, L.L.C.
Co-Managers N/A
Initial Shares 12,500,000
Revised Initial Shares N/A
Initial Price $15.00-$17.00
Revised Price N/A
Final Price $17.00
Final Ticker UPB

 

 

   
  © 2024 ICE Data Services. All rights reserved.