GPCR drugmaker Septerna amasses $288M in IPO [Yahoo! Finance]
Tectonic Therapeutic, Inc. (TECX)
Company Research
Source: Yahoo! Finance
Recommended Reading Touting a new way to drug an all-important family of proteins, a startup launches with $100M Septerna, a developer of medicines that target a ubiquitous family of proteins, on Thursday priced a $288 million initial public offering that again showed investors' support of biotechnology companies that have reached clinical testing. The company sold 16 million shares at $18 apiece, slightly above the $15 to $17 range it had set in a securities filing Monday. It also sold substantially more shares than originally expected, having boosted its offering's size hours before pricing . Shares of “SEPN” will begin trading Friday on the Nasdaq stock exchange. Prior to joining Nasdaq, the California company raised more than $200 million in private funding. Its early backers included Third Rock Ventures and Samsara BioCapital , while RA Capital Management led a Series B round in 2023. GPCRs, or G protein-coupled receptors, are something of a cellular jack of all trades
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TECX
News
- Tectonic Therapeutic (NASDAQ: TECX) is now covered by analysts at Raymond James. They set an "outperform" rating and a $65.00 price target on the stock.MarketBeat
- Tectonic Therapeutic Inc. Reports Q3 2024 Results [Yahoo! Finance]Yahoo! Finance
- Tectonic Therapeutic (NASDAQ: TECX) had its price target raised by analysts at Wells Fargo & Company from $55.00 to $79.00. They now have an "overweight" rating on the stock.MarketBeat
- Tectonic Therapeutic (NASDAQ: TECX) had its price target raised by analysts at Leerink Partners from $49.00 to $69.00. They now have an "outperform" rating on the stock.MarketBeat
- Tectonic Therapeutic Announces Positive Phase 1a Results in AHA 2024 Presentation for TX45, a Long-acting, Fc-Relaxin Fusion ProteinGlobeNewswire
TECX
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/7/24 - Form 8-K
- TECX's page on the SEC website