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Entrada Therapeutics Priced, Nasdaq: TRDA

Preclinical biotech developing therapies for rare neuromuscular diseases.

Industry: Health Care

Latest Trade: $18.13 +0.20 (+1.1%)

First Day Return: +19.8%

Return from IPO: -10.4%

Industry: Health Care

We aim to transform the lives of patients by establishing Endosomal Escape Vehicle (EEV) therapeutics as a new class of medicines and we aim to become the world’s foremost intracellular therapeutics company. EEV therapeutics are comprised of small cyclic peptides that are chemically conjugated to a wide range of specific and active biological therapeutics. Our EEV therapeutics are designed to engage intracellular targets that have long been considered inaccessible and undruggable. Through our proprietary, highly versatile and modular EEV platform (EEV Platform), we are building a robust development portfolio of EEV therapeutic candidates designed to enable the efficient intracellular delivery of therapeutics in various organs and tissues with an improved therapeutic index. We believe that the potential success of our early programs can translate into the efficient development of additional EEV therapeutic candidates and allow us to build portfolios in rare disease, immunology and oncology. We are initially focused on the development of EEV therapeutics for rare neuromuscular diseases, including Duchenne muscular dystrophy (DMD) and myotonic dystrophy type 1 (DM1). DMD is caused by genetic mutations that prevent the creation of functional dystrophin, a protein required to maintain the structural integrity of muscle cells.
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IPO Data
IPO File Date 10/08/2021
Offer Price $20.00
Price Range $19.00 - $21.00
Offer Shares (mm) 9.1
Deal Size ($mm) $182
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/28/2021
Offer Price $20.00
Price Range $19.00 - $21.00
Offer Shares (mm) 9.1
Deal Size ($mm) $182
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
TD Cowen
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Company Data
Headquarters Boston, MA, United States
Founded 2016
Employees at IPO 78
Website www.entradatx.com

Entrada Therapeutics (TRDA) Performance