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Cyteir Therapeutics, Inc. (NASDAQ: CYT) announced that its President and CEO, Markus Renschler, MD, will present at the Credit Suisse 30th Annual Healthcare Conference on November 8, 2021, at 4:20 PM ET. This virtual event will be accessible via a live webcast on the Cyteir website, with a replay available for 30 days post-event. Cyteir focuses on developing next-generation synthetically lethal cancer therapies, with its lead compound, CYT-0851, targeting RAD51-mediated homologous recombination to hinder DNA repair.
Cyteir Therapeutics (NASDAQ: CYT) has been added to the U.S. small-cap Russell 2000® Index, effective September 20, following its successful IPO in June. This inclusion lasts for one year and is significant as many investment managers benchmark their portfolios against Russell indexes, which total approximately $10.6 trillion in assets. CEO Markus Renschler expressed pride in this milestone, emphasizing the company's commitment to developing next-generation cancer therapies. The press release also mentions Cyteir’s lead compound, CYT-0851, aimed at targeting cancer vulnerabilities.
Lightstone Ventures has successfully closed its third fund, raising $375 million to invest in early-stage biotech and medtech companies. The fund was oversubscribed, indicating strong interest from both new and existing investors. The firm has appointed Christina Isacson and Young Kwon as Partner and Operating Partner, respectively, enhancing its leadership team. Since 2012, Lightstone has invested in over 30 companies, including AlX Oncology (NASDAQ: ALXO), Cyteir Therapeutics (NASDAQ: CYT), and Gemini Therapeutics (NASDAQ: GMTX), aiming to transform innovative ideas into impactful therapies.
Cyteir Therapeutics, a leader in cancer therapies, announced its President and CEO, Markus Renschler, will participate in a fireside chat at the 19th Annual Morgan Stanley Global Healthcare Conference on September 10, 2021, at 11:45 AM ET. The discussion will be accessible via live webcast on the Cyteir website and will be available for replay for 30 days. Cyteir is focused on synthetically lethal therapies, with its lead compound, CYT-0851, targeting DNA damage repair mechanisms in cancer cells.
Cyteir Therapeutics, Inc. (Nasdaq: CYT) reported its second-quarter financial results for 2021, showcasing strong capital position post-IPO with cash reserves of $198.6 million. The company is advancing its lead drug CYT-0851, with ongoing Phase 1/2 trials and plans for Phase 2 expansion by year-end. R&D expenses rose to $8.9 million, driven by increased clinical activities, while G&A expenses reached $2.4 million. The net loss widened to $11.3 million, or $4.83 per share, compared to a loss of $4.5 million or $3.18 per share in Q2 2020.
Cyteir Therapeutics, Inc. (Nasdaq: CYT) announced that President and CEO Markus Renschler, MD, will participate in the 12th Annual Wedbush PacGrow Healthcare Virtual Conference on August 10, 2021, at 11:30 AM EDT. The panel will discuss Synthetic Lethal therapies. A live webcast of the event will be available on Cyteir's website, with a replay accessible for 30 days post-event. Cyteir focuses on developing novel synthetically lethal therapies, including its lead compound, CYT-0851, aimed at targeting key cancer vulnerabilities.
Cyteir Therapeutics, Inc. (Nasdaq: CYT) has successfully closed its initial public offering, selling 7,400,000 shares of common stock at $18.00 each, generating gross proceeds of $133.2 million. The offering includes an option for underwriters to purchase an additional 1,110,000 shares. The funds will support Cyteir's mission in developing next-generation synthetically lethal therapies for cancer, specifically targeting DNA damage response biology. J.P. Morgan, Morgan Stanley, and BofA Securities led the offering, with a declaration effective as of June 17, 2021.
Cyteir Therapeutics (Nasdaq: CYT) announced its initial public offering (IPO) of 7,400,000 shares at $18.00 per share, aiming for gross proceeds of approximately $133 million. The IPO is set to close on June 22, 2021, with shares trading on Nasdaq starting June 18, 2021. Underwriters, including J.P. Morgan and Morgan Stanley, have an option for an additional 1,110,000 shares. Cyteir focuses on developing next-generation synthetically lethal therapies for cancer, with its lead compound, CYT-0851, targeting key cancer vulnerabilities.