Welcome to our dedicated page for Septerna news (Ticker: SEPN), a resource for investors and traders seeking the latest updates and insights on Septerna stock.
Septerna, Inc. (Nasdaq: SEPN) is a clinical-stage biotechnology company focused on G protein-coupled receptor (GPCR) drug discovery and development. News about Septerna often centers on progress across its pipeline of oral small molecule GPCR-targeted therapies, updates on clinical and preclinical programs, and developments related to its proprietary Native Complex Platform™.
Investors following SEPN news can expect regular updates on key programs such as SEP-631, a selective oral small molecule MRGPRX2 negative allosteric modulator (NAM) in a Phase 1 clinical trial for chronic spontaneous urticaria and other mast cell-driven diseases, and SEP-479, a next-generation oral PTH1R agonist development candidate for hypoparathyroidism. Septerna’s news flow also includes information on its TSHR NAM program for Graves’ disease and thyroid eye disease and discovery-stage programs in endocrinology, immunology and inflammation, metabolic diseases and additional therapeutic areas.
Company announcements frequently highlight financial results, cash position and collaboration-related revenue, particularly from its global collaboration and license agreement with Novo Nordisk A/S to discover and develop oral small molecule therapies for obesity, type 2 diabetes and other cardiometabolic diseases. Septerna also issues news on corporate governance and leadership, such as board appointments, executive role changes and the formation of board committees.
In addition, Septerna regularly announces participation in major healthcare and investor conferences, where management presents business updates and pipeline overviews. For those tracking SEPN, this news page aggregates press releases and related coverage so readers can monitor clinical milestones, collaboration developments, financial disclosures and leadership changes over time.
Septerna, a clinical-stage biotech company focused on GPCR-targeted drug discovery, has announced its participation in the 43rd Annual J.P. Morgan Healthcare Conference. Jeffrey Finer, M.D., Ph.D., the company's CEO and co-founder, will deliver a presentation on Tuesday, January 14, 2025, at 3:45 p.m. PT in San Francisco. The presentation will be accessible via live webcast through Septerna's website and will remain available for 30 days afterward.
Septerna (SEPN) reported Q3 2024 financial results and business updates. The company recently initiated Phase 1 clinical trials for SEP-786, an oral treatment for hypoparathyroidism, with data expected in mid-2025. Following a successful IPO raising $302.6 million, Septerna has a strong cash position of $137.5 million as of September 30, 2024, expected to fund operations into H2 2027. Q3 financial results showed R&D expenses of $17.8 million, G&A expenses of $4.9 million, and a net loss of $20.5 million. The company is advancing multiple GPCR-targeted programs in endocrinology, immunology, inflammation, and metabolic diseases.
Septerna (Nasdaq: SEPN) has successfully completed its upsized initial public offering, raising $331.2 million in gross proceeds. The clinical-stage biotechnology company, focused on GPCR oral small molecule drug discovery, sold 18,400,000 shares at $18.00 per share, including 2,400,000 additional shares from the full exercise of underwriters' option. Trading began on the Nasdaq Global Market on October 25, 2024, under ticker SEPN. J.P. Morgan, TD Cowen, Cantor, and Wells Fargo Securities served as joint bookrunners for the offering.
Septerna (Nasdaq: SEPN) has announced the pricing of its upsized initial public offering of 16,000,000 shares at $18.00 per share. The company has granted underwriters a 30-day option to purchase up to an additional 2,400,000 shares. Trading is expected to begin on the Nasdaq Global Market on October 25, 2024. The IPO's gross proceeds are anticipated to reach $288.0 million, before deducting underwriting discounts and commissions. The offering is expected to close on October 28, 2024, with J.P. Morgan, TD Cowen, Cantor, and Wells Fargo Securities serving as joint bookrunners.