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Week of Expected Pricing 12/20/2022
Company Name LIPELLA PHARMACEUTICALS INC
Proposed Ticker LIPO
CUSIP 53630L100
Business Description A clinical-stage biotechnology company focused on developing new drugs by reformulating the active agents in existing generic drugs and optimizing these reformulations for new applications. We believe that this strategy combines many of the cost efficiencies and risk abatements derived from using existing generic drugs with potential patent protections for our proprietary formulations; this strategy allows us to expedite, protect, and monetize our product candidates. Additionally, we maintain a therapeutic focus on diseases with significant, unaddressed morbidity and mortality where no approved drug therapy currently exists. We believe that this focus can potentially help reduce the cost, time and risk associated with obtaining marketing approval. We have not yet commercialized any products, and we do not expect to generate revenue from sales of any product candidates for several years
Lead Underwriter Spartan Capital Securities, LLC
Co-Managers Northland Securities, Inc
Initial Shares 11,66,667
Revised Initial Shares 12,17,391
Initial Price $5.75-$6.25
Revised Price N/A
Final Price $5.75
Final Ticker LIPO

 

 

   
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