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Cognition Therapeutics Priced, Nasdaq: CGTX

Phase 2 biotech developing small molecule therapies for Alzheimer's and other CNS diseases.

Industry: Health Care

Latest Trade: $0.63 0.00 (0.0%)

First Day Return: +6.4%

Return from IPO: -94.8%

Industry: Health Care

We are a clinical-stage biopharmaceutical company engaged in the discovery and development of innovative, small molecule therapeutics targeting age-related degenerative diseases and disorders of the central nervous system, or CNS, and retina. Currently available therapies for these diseases are limited, with many diseases having no approved therapies or treatments. Our goal is to develop disease modifying treatments for patients with these degenerative disorders by initially leveraging our expertise in the s-2 (sigma-2) receptor, or S2R, which is expressed by multiple cell types, including neuronal synapses, and acts as a key regulator of cellular damage commonly associated with certain age-related degenerative diseases of the CNS and retina. We believe that targeting the S2R complex represents a mechanism that is functionally distinct from other current approaches in clinical development for the treatment of degenerative diseases. Since our inception, we have collaborated and worked closely with key healthcare organizations and thought leading institutions in the field of degenerative diseases to develop and advance our therapeutic candidates. To date we have been awarded approximately $168.4 million in grants and financial support primarily from the National Institute of Aging, or NIA, a division of the National Institutes of Health to support our clinical trials.
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IPO Data
IPO File Date 07/19/2021
Offer Price $12.00
Price Range $11.00 - $13.00
Offer Shares (mm) 3.8
Deal Size ($mm) $45
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/07/2021
Offer Price $12.00
Price Range $11.00 - $13.00
Offer Shares (mm) 3.8
Deal Size ($mm) $45
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
B. Riley Securities
Oppenheimer & Co.
Company Data
Headquarters Purchase, NY, United States
Founded 2007
Employees at IPO 22
Website cogrx.com

Cognition Therapeutics (CGTX) Performance