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Sunday, August 16, 2020

CureVac (CVAC) began trading on the Nasdaq on Fri 14 Aug 2020

CureVac priced 13.3 mln share IPO at $16, the high end of the $14-$16 expected price range
CureVac BV raised $213 million in its initial public offering (IPO) in New York on Thursday, setting the stage for the first stock market debut of a company developing a promising vaccine to combat the coronavirus.

  • The big draw is its mRNA COVID-19 vaccine candidate, currently in Phase 1 development. Topline data should be available next quarter.
  • Lead program is CV8102, also in Phase 1 development, for the treatment of four types of solid tumors.
  • Earlier this year, CureVac tapped investors, including the German government and GSK, for $640M to support its work against the coronavirus and other diseases.

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