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Intensity Therapeutics Priced, Nasdaq: INTS

Phase 2 biotech developing intratumoral injection therapies for cancer.

Industry: Health Care

Latest Trade: $2.76 -0.19 (-6.4%)

First Day Return: +19.2%

Return from IPO: -41.0%

Industry: Health Care

Intensity Therapeutics, Inc. is a clinical stage biotechnology company passionately committed to applying scientific leadership in the field of localized cancer reduction leading to anti-cancer immune activation. Our new approach involves the direct injection into tumors of a unique product created from our DfuseRx discovery platform. One challenge that we have identified with current intratumoral (IT) treatment approaches is that a tumor’s lipophilic, high fat and pressurized microenvironment does not effectively absorb water-based products. We believe that this drug delivery challenge limits the effectiveness of prior and current IT treatments that formulate their product candidates by injecting aqueous products (regardless of the mechanism or approach, i.e. the stimulation of an inflammatory response or efforts to attract immune cells into a hostile live tumor). Accordingly, there remains a continued unmet need for the development of direct IT therapies for solid tumors that provide high local killing efficacy coupled with nontoxic systemic anti-cancer effects. We believe we have created a product candidate with the necessary chemistry to overcome this local delivery challenge. Evidence shows the mechanism of tumor killing achieved by our drug candidate also leads to systemic immune activation in certain cancers.
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IPO Data
IPO File Date 10/28/2021
Offer Price $5.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.9
Deal Size ($mm) $20
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/29/2023
Offer Price $5.00
Price Range $4.00 - $5.00
Offer Shares (mm) 3.9
Deal Size ($mm) $20
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
The Benchmark Company
Freedom Capital Markets
Company Data
Headquarters Westport, CT, United States
Founded 2012
Employees at IPO 16
Website www.intensitytherapeutics.com

Intensity Therapeutics (INTS) Performance