Vascular Biogenics IPO Info
Company Name: Vascular Biogenics
Stock Symbol: VBLX
Exchange: NASDAQ
Status: Priced
IPO Date: 7/31/2014
IPO Price:
12.00 (
-7.08%)
Underwriters
Deutsche Bank Securities and Wells Fargo Securities
Amount of Offering: N/A
Number of Shares Offered: 5.4 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Vascular Biogenics Ltd., operating as VBL Therapeutics, is a clinical-stage biopharmaceutical company committed to the discovery, development and commercialization of first-in-class treatments for cancer and immune-inflammatory diseases. VBL Therapeutics' clinical pipeline is based on two distinct, proprietary platform technologies--an oncology program and an anti-inflammatory program—that leverage the body's natural physiologic and genetic regulatory elements. The Company's lead oncology product candidate, VB-111, is a gene-based biologic that is initially being developed for recurrent glioblastoma, or rGBM, an aggressive form of brain cancer. VB-111 has received orphan drug designation in both the United States and Europe and was granted Fast Track designation by the FDA for prolongation of survival in patients with glioblastoma that has recurred following treatment with standard chemotherapy and radiation. VBL Therapeutics expects to begin the single needed Phase 3 pivotal trial for VB-111 in rGBM by the end of the first quarter of 2015 under a SPA whose design and planned analysis the FDA concurred with. VBL Therapeutics' lead product candidate from its anti-inflammatory program, VB-201, is an oral small molecule currently being evaluated in Phase 2 clinical trials for psoriasis and for ulcerative colitis, with top-line results expected in the first quarter of 2015.
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