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Septerna Priced, Nasdaq: SEPN

Phase 1 biotech targeting GPCRs in multiple therapeutic areas.

Industry: Health Care

Latest Trade: $24.42 -0.92 (-3.6%)

First Day Return: +18.9%

Return from IPO: +40.7%

Industry: Health Care

We are a clinical-stage biotechnology company pioneering a new era of G protein-coupled receptor (GPCR) oral small molecule drug discovery powered by our proprietary Native Complex PlatformTM. Our industrial-scale platform aims to unlock the full potential of GPCR therapies and has led to the discovery and development of our deep pipeline of product candidates focused initially on treating patients in three therapeutic areas: endocrinology, immunology and inflammation, and metabolic diseases. Our proprietary Native Complex PlatformTM replicates the natural structure, function, and dynamics of GPCRs outside of cells at an industrial scale for, as we believe it, the first time. Our foundational technologies enable us to isolate, purify, and reconstitute full-length, properly folded GPCR proteins within ternary complexes with ligands and transducer proteins in a lipid bilayer that mimics the cell membrane. We then apply state-of-the-art discovery tools and technologies to these defined and tunable protein complexes to structurally design, screen for, and optimize potential product candidates. Leveraging our platform, we conduct GPCR oral small molecule drug discovery using an industrialized and iterative structure-based drug design approach for a diverse collection of GPCR targets. Our Native Complex PlatformTM is designed to enable us to target specific GPCRs, uncover novel binding pockets for validated receptors, and pursue a wide spectrum of pharmacologies, including agonists, antagonists (which inhibit GPCR signaling), and allosteric modulators, to affect GPCR signaling in different ways to achieve desired therapeutic effects.
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IPO Data
IPO File Date 10/02/2024
Offer Price $18.00
Price Range $18.00 - $18.00
Offer Shares (mm) 16.0
Deal Size ($mm) $288
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/24/2024
Offer Price $18.00
Price Range $18.00 - $18.00
Offer Shares (mm) 16.0
Deal Size ($mm) $288
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
TD Cowen
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Company Data
Headquarters South San Francisco, CA, United States
Founded 2019
Employees at IPO 68
Website www.septerna.com

Septerna (SEPN) Performance