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Week of Expected Pricing 11/15/2022
Company Name ACRIVON THERAPEUTICS INC
Proposed Ticker ACRV
CUSIP 4890109
Business Description A clinical stage biopharmaceutical company developing precision oncology medicines that we match to patients whose tumors are predicted to be sensitive to each specific medicine by utilizing our proprietary proteomics-based patient responder identification platform. Recently approved targeted oncology treatments, such as kinase inhibitors, have transformed the cancer treatment landscape, and while the therapeutic benefit of these agents has provided significant benefit to patients, these targeted oncology treatments unfortunately only address the less than 10% of patients with cancers that harbor certain easily-identifiable genetic mutations. Our approach is designed to overcome the limitations of genomics-based patient selection methods. We do this by using our proprietary precision medicine platform, Acrivon Predictive Precision Proteomics, or AP3, to develop our pipeline of oncology drug candidates. Our AP3 platform enables the creation of drug-specific proprietary OncoSignature companion diagnostics that are used to identify the patients most likely to benefit from our drug candidates, which we refer to as patient responders.
Lead Underwriter Cowen and Company, LLC, Jefferies LLC, Morgan Stanley & Co. LLC, Piper Sandler & Co
Co-Managers N/A
Initial Shares 59,00,000
Revised Initial Shares 75,50,000
Initial Price $16.00-$18.00
Revised Price N/A
Final Price $12.50
Final Ticker ACRV

 

 

   
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