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Lipella Pharmaceuticals Priced, Nasdaq: LIPO

Developing reformulations of generic drugs for new applications.

Industry: Health Care

Latest Trade: $2.61 0.00 (0.0%)

First Day Return: -18.1%

Return from IPO: -54.6%

Industry: Health Care

We are a clinical-stage biotechnology company focused on developing new drugs by reformulating the active agents in existing generic drugs and optimizing these reformulations for new applications. We believe that this strategy combines many of the cost efficiencies and risk abatements derived from using existing generic drugs with potential patent protections for our proprietary formulations; this strategy allows us to expedite, protect, and monetize our product candidates. Additionally, we maintain a therapeutic focus on diseases with significant, unaddressed morbidity and mortality where no approved drug therapy currently exists. We believe that this focus can potentially help reduce the cost, time and risk associated with obtaining marketing approval. We have not yet commercialized any products, and we do not expect to generate revenue from sales of any product candidates for several years. Consistent with our strategy, the initial indication that we are currently addressing (via development of our product candidate, which we have designated as LP-10) is “hemorrhagic cystitis” (“HC”), which is chronic, uncontrolled urinary blood loss that results from certain chemotherapies (such as alkylating agents) or pelvic radiation therapy (also called “radiation cystitis”).
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IPO Data
IPO File Date 07/29/2022
Offer Price $5.75
Price Range $5.75 - $6.25
Offer Shares (mm) 1.2
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/19/2022
Offer Price $5.75
Price Range $5.75 - $6.25
Offer Shares (mm) 1.2
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Spartan Capital Securities
Company Data
Headquarters Pittsburgh, PA, United States
Founded 2005
Employees at IPO 5
Website www.lipella.com

Lipella Pharmaceuticals (LIPO) Performance