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Coya Therapeutics Priced, Nasdaq: COYA

Phase 2 biotech developing regulatory T-cell therapies for various indications.

Industry: Health Care

Latest Trade: $6.50 +0.42 (+6.9%)

First Day Return: -8.6%

Return from IPO: +21.6%

Industry: Health Care

We are a clinical-stage biotechnology company focused on developing proprietary new therapies to enhance the function of regulatory T cells (“Tregs”). Tregs consist of CD4+CD25high hFOXP3+ cells, which are a subpopulation of T-lymphocytes, a type of white blood cell that suppresses inflammatory responses. Tregs and their transcription factors have been shown to be essential to maintaining cellular homeostasis by regulating autoimmune and inflammatory responses and maintaining self-tolerance in mammals. Self-tolerance is the ability of the immune system to recognize self-produced substances as a non-threat while appropriately mounting a response to foreign substances. Dysfunctional Tregs underlie numerous disease states, and this cellular dysfunction is driven by the chronic inflammatory environment and high levels of oxidative stress, an imbalance between free radicals and antioxidants in the body, commonly observed in certain diseases. Further, the degree of Treg dysfunction is correlated with the severity and progression of serious and life-threatening conditions. These and other recent advances in the understanding of Treg biology, have made this subset of T lymphocytes an important therapeutic target, which we believe may provide new treatments for serious diseases.
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IPO Data
IPO File Date 11/18/2022
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 3.1
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/28/2022
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 3.1
Deal Size ($mm) $15
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Chardan Capital Markets
Newbridge Securities
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Company Data
Headquarters Houston, TX, United States
Founded 2020
Employees at IPO 6
Website www.coyatherapeutics.com

Coya Therapeutics (COYA) Performance