Tech Company Inital Public Offerings
Allena Pharmaceuticals IPO
On 11/1/2017, Allena Pharmaceuticals went public.
Transaction Overview
Company Name
Announced On
11/1/2017
Transaction Type
IPO
Amount
$74,200,000
Proceeds Purpose
We currently expect to use the net proceeds from this offering, together with our existing cash, cash equivalents and investments, as follows: approximately $45.0 million for our planned pivotal Phase 3 clinical program of ALLN-177 for the treatment of patients with enteric hyperoxaluria, including clinical research outsourcing and drug manufacturing; approximately $3.0 million for our planned Phase 2 clinical trial of ALLN-177 in adolescents and adults with primary hyperoxaluria or severe forms of secondary hyperoxaluria, including clinical research outsourcing and drug manufacturing; approximately $3.0 million for our planned development of ALLN-346 for the treatment of patients with hyperuricemia and CKD, including preclinical proof of concept in hyperuricemia animal models, customary toxicology studies and preparation for filing of an investigational new drug application; approximately $8.0 million to fund our process validation and manufacturing batches for ALLN-177; and the remai
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
1 Executive Park Dr. 202
Newton, MA 02462
USA
Newton, MA 02462
USA
Phone
Website
Email Address
Overview
Allena Pharmaceuticals (Nasdaq: ALNA) develops and commercializes non-systemic protein therapeutics to treat metabolic and orphan diseases.
Management Team
Title
Name
Email & Social
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