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DewDiligence

09/25/20 11:10 AM

#234767 RE: biocqr #234765

GRAY IPOs 6.47M* shares @$16.00:

https://www.globenewswire.com/news-release/2020/09/25/2099066/0/en/Graybug-Vision-Announces-Pricing-of-Upsized-Initial-Public-Offering.html

Graybug is a clinical-stage biopharmaceutical company focused on developing transformative medicines to treat chronic diseases of the retina and optic nerve.

The company’s proprietary ocular delivery technologies are designed to maintain effective drug levels in ocular tissue for up to six months and potentially longer, improving patient compliance, reducing healthcare burdens and ultimately delivering better clinical outcomes.

Graybug’s lead product candidate, GB-102, a microparticle depot formulation of sunitinib malate, inhibits multiple neovascular pathways for the intravitreal treatment of retinal diseases, including wet age-related macular degeneration, with a six-month dosing regimen.

Graybug is also using its proprietary technologies to develop GB-401, an injectable depot formulation of a beta-adrenergic prodrug, for primary open-angle glaucoma, with a dosing regimen of once every six months or longer, and GB-103, a longer-acting version of GB-102, designed to maintain therapeutic drug levels in the retinal tissue for 12 months with a single injection.

Founded in 2011 on the basis of technology licensed from the Johns Hopkins University School of Medicine, Graybug is headquartered in Redwood City, California.

A safe and effective drug with a six-month (or longer) dosing interval in wet-amd and open-angle glaucoma would be a major advance in patient convenience and satisfaction. The business proposition is similar to what RVNC is doing with Daxi.

*Assuming exercise of underwriter’s option.
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DewDiligence

09/25/20 11:12 AM

#234768 RE: biocqr #234765

GLSI IPOs 1.45M* shares @$5.75:

https://www.businesswire.com/news/home/20200924005925/en

Greenwich LifeSciences is a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery. GP2 is a 9 amino acid transmembrane peptide of the HER2/neu protein.

In a randomized, single-blinded, placebo-controlled, multi-center (16 sites led by MD Anderson Cancer Center) Phase IIb clinical trial, no recurrences were observed in the HER2/neu 3+ adjuvant setting after median 5 years of follow-up, if the patient received the 6 primary intradermal injections over the first 6 months (p = 0.0338). …Greenwich LifeSciences is planning to commence a Phase III clinical trial using a similar treatment regime as the Phase IIb clinical trial.

This is one of the smallest biotech IPOs in recent memory.

*Assuming exercise of underwriter’s option.
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DewDiligence

09/25/20 11:12 AM

#234769 RE: biocqr #234765

PRLD IPOs 9.57M* shares @$19.00:

https://www.globenewswire.com/news-release/2020/09/25/2099070/0/en/Prelude-Therapeutics-Announces-Pricing-of-Initial-Public-Offering.html

Prelude Therapeutics is a clinical-stage precision oncology company focused on discovering and developing small molecule therapies optimized to target the key driver mechanisms in cancers with high unmet need.

A rather generic description of an oncology company; more info is available in the S-1 filing, of course.

*Assuming exercise of underwriter’s option.
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DewDiligence

09/25/20 11:12 AM

#234770 RE: biocqr #234765

PVMP IPOs 13.53M* shares @$18.00:

https://www.globenewswire.com/news-release/2020/09/25/2099064/0/en/PMV-Pharma-Announces-Pricing-of-Initial-Public-Offering.html

PMV Pharma is a precision oncology company pioneering the discovery and development of small molecule, tumor-agnostic therapies targeting p53 mutations. p53 mutations are found in approximately half of all cancers. …PMV Pharma is headquartered in Cranbury, New Jersey.

Whenever I see p53 mentioned in a biotech company’s business plan, I feel like I’m in a time warp.

*Assuming exercise of underwriter’s option.
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DewDiligence

09/25/20 5:54 PM

#234778 RE: biocqr #234765

Scorecard for today’s biotech IPOs…

GLSI -13% (#msg-158528989)
GRAY +3% (#msg-158528937)
PRLD +38% (#msg-158529015)
PMVP +108% (#msg-158529031)*

*Typo in #msg-158529031: PVMP—>PMVP.