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Connect Biopharma Holdings Limited reports clinical and corporate developments for a clinical-stage biopharmaceutical company focused on inflammatory diseases. Its principal program is rademikibart, an antibody designed to target interleukin-4-receptor alpha, with company updates centered on asthma, chronic obstructive pulmonary disease and moderate-to-severe atopic dermatitis.
Recurring news includes rademikibart clinical data, Seabreeze STAT asthma and COPD study updates, Data Monitoring Committee and regulatory-related disclosures, partner activity involving Simcere in China, financial results, financing activity, investor conference participation and governance matters.
Connect Biopharma Holdings Limited (Nasdaq: CNTB) has completed full enrollment for its phase 2 clinical trial of CBP-201, targeting adult patients with moderate-to-severe Atopic Dermatitis (AD). The trial aims to assess CBP-201's safety, efficacy, and pharmacokinetics over 16 weeks, involving 220 participants across 60 sites globally. CEO Zheng Wei expressed optimism for the trial results, expected later this year, highlighting the unmet needs in treating AD. CBP-201 has shown favorable outcomes in earlier trials, indicating potential for a differentiated profile compared to existing therapies.
Connect Biopharma Holdings Limited (Nasdaq: CNTB) has successfully closed its initial public offering of 12,937,500 American Depositary Shares (ADSs) at a price of $17.00 per ADS, raising approximately $219.9 million in gross proceeds. This offering included the full exercise of an underwriters’ option for an additional 1,687,500 ADSs. The ADSs commenced trading on March 19, 2021, on the Nasdaq Global Market. The company is focused on developing therapies for chronic inflammatory diseases, with lead candidates including CBP-201 and CBP-307.
Connect Biopharma Holdings Limited announced the pricing of its initial public offering (IPO) of 11,250,000 American Depositary Shares (ADSs) at $17.00 per ADS, aiming for gross proceeds of approximately $191.3 million, or $219.9 million if underwriters fully exercise their option to purchase additional shares. The ADSs will trade on the Nasdaq under the symbol 'CNTB' starting March 19, 2021, and the offering is set to close by March 23, 2021. This capital will advance its T-cell-driven therapies for chronic inflammatory diseases, including lead candidates CBP-201 and CBP-307.