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Week of Expected Pricing 4/26/2021
Company Name RAIN THERAPEUTICS INC
Proposed Ticker RAIN
CUSIP 75082Q105
Business Description A clinical-stage precision oncology company developing therapies that target oncogenic drivers for which we are able to genetically select patients we believe will most likely benefit. This approach includes using a tumor-agnostic strategy to select patients based on their tumors’ underlying genetics rather than histology. We have in-licensed product candidates, each with a differentiated profile relative to available therapies, and we intend to continue strengthening our pipeline through focused business development and internal research efforts. Our lead product candidate, RAIN-32 (milademetan, formerly known as DS-3032), is a small molecule, oral inhibitor of mouse double minute 2 (MDM2), which is oncogenic in numerous cancers. We in-licensed RAIN-32 in September 2020 based on the results of a Phase 1 clinical trial, which demonstrated meaningful antitumor activity in an MDM2-amplified subtype of liposarcoma (LPS) and other solid tumors.
Lead Underwriter Citigroup Global Markets Inc, Goldman Sachs & Co. LLC, Guggenheim Securities, LLC, Piper Sandler & Co
Co-Managers N/A
Initial Shares 73,52,941
Revised Initial Shares N/A
Initial Price $16.00-$18.00
Revised Price N/A
Final Price $17.00
Final Ticker RAIN

 

 

   
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