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Aptinyx readies IPO

Published 05/24/2018, 12:03 PM
© Reuters.  Aptinyx readies IPO
TNXP
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  • Evanston, IL-based Aptinyx (APTX) has filed a preliminary prospectus for an $80M IPO.
  • The clinical-stage biopharmaceutical firm develops small molecule treatments for brain and nervous system disorders based on modulating NMDA receptors. Lead candidate is NYX-2925, in Phase 2 development for chronic pain associated with diabetic peripheral neuropathy and fibromyalgia. Topline data should be available in H2 2019.
  • Candidate #2 is NYX-783, in Phase 1 for post-traumatic stress disorder. A Phase 2 study should launch in H2.
  • 2018 Financials (Q1)($M): Collaboration/grant revenue: 2.5 (+115.2%); Operating Expenses: 14.3 (+44.3%); Net Loss: (11.7) (-34.2%); Cash Consumption: (9.4) (-27.4%).
  • PTSD-related ticker: TNXP
  • Now read: Your Daily Pharma Scoop: Esperion Shows Positive Data, Clementia's Palovarotene, Insmed's ALIS


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