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Third Harmonic Bio Priced, Nasdaq: THRD

Phase 1 biotech developing a therapy for allergic and inflammatory diseases.

Industry: Health Care

Latest Trade: $12.47 0.00 (0.0%)

First Day Return: +15.8%

Return from IPO: -26.7%

Industry: Health Care

We are a clinical-stage biopharmaceutical company focused on the development of the next wave of medicine for the treatment of allergic and inflammatory diseases. Our lead product candidate, THB001, is a highly selective, oral small molecule inhibitor of KIT, a cell surface receptor that acts as the master survival and functional regulator of mast cells. In our recently completed Phase 1a clinical trial, THB001 demonstrated dose-dependent reductions of serum tryptase, a key biomarker of mast cell activity which has been shown to correlate with clinical benefit in chronic urticaria patients. We submitted a CTA in Europe for our dose escalation Phase 1b proof-of-concept trial in chronic inducible urticaria in May 2022, expect to initiate the trial in the second half of 2022, and expect to report initial data from this trial in the second half of 2023. We also intend to submit a CTA to support initiation of a Phase 1b trial in asthma in the first half of 2023 and expect to report initial data from this trial in the second half of 2024. We intend to submit both a CTA in Europe and an IND in the United States to support initiation of a Phase 2 trial in chronic spontaneous urticaria in the first half of 2024.
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IPO Data
IPO File Date 08/23/2022
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 10.9
Deal Size ($mm) $185
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/14/2022
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 10.9
Deal Size ($mm) $185
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
Jefferies
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Company Data
Headquarters Cambridge, MA, United States
Founded 2019
Employees at IPO 16
Website www.thirdharmonicbio.com

Third Harmonic Bio (THRD) Performance