Siddhartha Mukherjee (Evan Agostini/Invision/AP)

Vor leads a new pack of IPOs to price, con­tin­u­ing steady stream of com­pa­nies mak­ing leap to the Nas­daq

Six of the 10 biotechs that were ex­pect­ed to price their IPOs this week have now of­fi­cial­ly made the jump on­to the Nas­daq, con­tin­u­ing a record pace dat­ing back to 2020.

Vor Bio­phar­ma, Sid­dhartha Mukher­jee’s cell ther­a­py start­up, of­fi­cial­ly priced its 9,828,017 shares of com­mon stock Fri­day at $18 per share, rais­ing $176.9 mil­lion. Vor’s IPO, trad­ing un­der the tick­er $VOR, will close Feb. 9, with Gold­man Sachs, Ever­core ISI, Bar­clays and Stifel op­er­at­ing as bookrun­ners.

Vor said in ear­li­er SEC fil­ings that it would use the IPO fil­ing to ad­vance the two com­po­nents of its plat­form: A CAR-T for AML and a ge­net­i­cal­ly en­gi­neered stem cell trans­plant that makes the CAR-T safer, by re­mov­ing from healthy cells the pro­tein it tar­gets. Al­so of note, Vor ex­ceed­ed both its ini­tial com­pa­ny shares and the es­ti­mat­ed price point it list­ed in ear­li­er fil­ings.

Join­ing Vor this week was Lan­dos Bio­phar­ma, the Chris Garabe­di­an-backed oral au­toim­mune com­pa­ny, and Evax­ion Biotech, a Den­mark-head­quar­tered com­pa­ny us­ing AI im­munother­a­pies to tar­get can­cer and in­fec­tious dis­eases.

Lan­dos raised the sec­ond most of the three new Nas­daq ad­di­tions, pric­ing its 6,250,000 com­mon shares at $16 per share for an ini­tial haul of $100 mil­lion. Lan­dos’ IPO, un­der the tick­er $LABP, will close on Feb. 8 with JP Mor­gan, Jef­feries and SVB Leerink as the bookrun­ners. Lan­dos will of­fer un­der­writ­ers a 30-day op­tion of buy­ing an­oth­er 937,500 com­mon shares at the $16 price point.

Lan­dos’ of­fer­ing will be one to keep an eye on, as ini­tial fil­ings in­di­cat­ed a key fo­cus mov­ing for­ward will be its lead mol­e­cule BT-11, which is now fo­cused on ul­cer­a­tive col­i­tis and Crohn’s dis­ease but missed on all its pri­ma­ry end­points in IBD dur­ing a Phase II proof-of-con­cept study.

And Evax­ion will of­fer 3,000,000 shares at a price of $10 per share af­ter rais­ing $30 mil­lion, the com­pa­ny said. Trad­ing un­der the tick­er $EVAX, the IPO will close on Feb 9 with un­der­writ­ers hav­ing a 30-day op­tion of snap­ping up an­oth­er 450,000 ADSs at the IPO price point. Op­pen­heimer & Co. is op­er­at­ing as the sole bookrun­ner on the deal.

Ear­ly fil­ings show that Evax­ion plans on us­ing the IPO to fund four dif­fer­ent pro­grams in its port­fo­lio —most no­tably its lead can­di­date EVX-01, a per­son­al im­munother­a­py that us­es an AI plat­form to iden­ti­fy the best pro­tein tar­gets in each pa­tient. It’s in Phase I/IIa for three dif­fer­ent can­cers, where it’s be­ing test­ed in com­bo with PD-1 block­ers.

For on­go­ing track­ing of biotech IPOs in 2021, check out End­points News’ data­base here.

M&A: a crit­i­cal dri­ver for sus­tain­able top-line growth in health­care

2021 saw a record $600B in healthcare M&A activity. In 2022, there is an anticipated slowdown in activity, however, M&A prospects remain strong in the medium to long-term. What are future growth drivers for the healthcare sector? Where might we see innovations that drive M&A? RBC’s Andrew Callaway, Global Head, Healthcare Investment Banking discusses with Vito Sperduto, Global Co-Head, M&A.

Abortion-rights protesters regroup and protest following Supreme Court's decision to overturn Roe v. Wade. (AP Photo/Gemunu Amarasinghe)

Fol­low­ing SCO­TUS de­ci­sion to over­turn abor­tion pro­tec­tions, AG Gar­land says states can't ban the abor­tion pill

Following the Supreme Court’s historic decision on Friday to overturn Americans’ constitutional right to an abortion after almost 50 years, Attorney General Merrick Garland sought to somewhat reassure women that states will not be able to ban the prescription drug sometimes used for abortions.

Following the decision, the New England Journal of Medicine also published an editorial strongly condemning the reversal, saying it “serves American families poorly, putting their health, safety, finances, and futures at risk.”

AstraZeneca's new Evusheld direct to consumer campaign aims to reach more immunocompromised patients.

As­traZeneca de­buts first con­sumer cam­paign for its Covid-19 pro­phy­lac­tic Evusheld — and a first for EUA drugs

AstraZeneca’s first consumer ad for Evusheld is also a first for drugs that have been granted emergency use authorizations during the pandemic.

The first DTC ad for a medicine under emergency approval, the Evusheld campaign launching this week aims to raise awareness among immunocompromised patients — and spur more use.

Evusheld nabbed emergency authorization in December, however, despite millions of immunocompromised people looking for a solution and now more widespread availability of the drug.

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Yong Dai, Frontera Therapeutics CEO

Scoop: Lit­tle-known Or­biMed-backed biotech clos­es $160M round to start gene ther­a­py tri­al

Frontera Therapeutics, a China and US biotech, has closed a $160 million Series B and received regulatory clearance to test its first gene therapy stateside, Endpoints News has learned.

Led by the largest shareholder, OrbiMed, the biotech has secured $195 million total since its September 2019 founding, according to an email reviewed by Endpoints. The lead AAV gene therapy program is for an undisclosed rare eye disease, according to the source.

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Spanish Prime Minister Pédro Sanchez and European Commission President Ursula von der Leyen (AP Photo/Geert Vanden Wijngaert)

EU to launch vac­cine de­vel­op­ment and man­u­fac­tur­ing part­ner­ship with Latin Amer­i­can and Caribbean coun­tries

While European companies, including BioNTech, are focused on increasing vaccine access to African countries by setting up vaccine manufacturing facilities, the European Union is looking westward to Latin America and the Caribbean.

Speaking at a press conference with Spanish Prime Minister Pédro Sanchez, EU Commission president Ursula von der Leyen said that the EU is launching a new initiative for vaccines and medicines manufacturing in Latin America, to get drugs to Latin America and the Caribbean faster.

DEM BioPharma CEO David Donabedian (L) and executive chair Jan Skvarka

Long­wood sets an­oth­er 'don't eat me' biotech in­to gear with help of for­mer Tril­li­um CEO Jan Skvar­ka

Jonathan Weissman and team are out with a cancer-fighting biotech riding the appetite for those so-called “don’t eat me” and “eat me” signals.

The scientific co-founder — alongside fellow Whitehead Institute colleague Kipp Weiskopf and Stanford biologist Michael Bassik — has launched DEM BioPharma with incubator Longwood Fund and a crop of other investors.

In all, the nascent, 10-employee biotech has $70 million to bankroll hematology- and solid tumor-based programs, including a lead asset that could enter human trials in two to three years, CEO David Donabedian told Endpoints News.

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De­spite a slow start to the year for deals, PwC pre­dicts a flur­ry of ac­tiv­i­ty com­ing up

Despite whispers of a busy year for M&A, deal activity in the pharma space is actually down 30% on a semi-annualized basis, according to PwC’s latest report on deal activity. But don’t rule out larger deals in the second half of the year, the consultants said.

PwC pharmaceutical and life sciences consulting solutions leader Glenn Hunzinger expects to see Big Pharma companies picking up earlier stage companies to try and fill pipeline gaps ahead of a slew of big patent cliffs. Though a bear market continues to maul the biotech sector, Hunzinger said recent deals indicate that pharma companies are still paying above current trading prices.

Joe Wiley, Amryt Pharma CEO

Am­ryt Phar­ma sub­mits a for­mal dis­pute res­o­lu­tion to the FDA over re­ject­ed skin dis­ease drug

The story of Amryt Pharma’s candidate for the genetic skin condition epidermolysis bullosa, or EB, will soon enter another chapter.

After the Irish drugmaker’s candidate, dubbed Oleogel-S10 and marketed as Filsuvez, was handed a CRL earlier this year, the company announced in a press release that it plans to submit a formal dispute resolution request for the company’s NDA for Oleogel-S10.

Kelly Martin, Radius Health CEO

VC firms take os­teo­poro­sis drug­mak­er Ra­dius Health pri­vate for al­most $900M

After attacks from activist investors and disappointing returns on share prices, Radius Health has now agreed to new ownership, a direction resulting in leaving the Nasdaq.

Radius Health, a biotech out of Massachusetts with one approved product in its arsenal, announced Thursday morning that it agreed to be acquired by two VC firms: Gurnet Point Capital and Patient Square Capital. The deal, worth around $890 million, will include debt assumption and the payout of $1 CVR per share for investors. And on top of that, OrbiMed is providing debt financing.