Juno Therapeutics (JUNO) Files $150M IPO

Juno Therapeutics (NASDAQ: JUNO) filed with the U.S. SEC for an IPO of its common stock. The proposed maximum offering price is $150 million. The ticker "JUNO" was proposed and the company plans to list on the NASDAQ.

The offering is being led by Morgan Stanley, J.P. Morgan, and Goldman Sachs.

Juno Therapeutics is building a fully-integrated biopharmaceutical company focused on revolutionizing medicine by re-engaging the body’s immune system to treat cancer. Founded on the vision that the use of human cells as therapeutic entities will drive one of the next important phases in medicine, they are developing cell-based cancer immunotherapies based on their chimeric antigen receptor, or CAR, and high-affinity T cell receptor, or TCR, technologies to genetically engineer T cells to recognize and kill cancer cells. They have shown compelling evidence of tumor shrinkage in clinical trials using multiple cell-based product candidates to address refractory B cell lymphomas and leukemias. Before the end of 2015, they plan to begin a Phase II trial that could support accelerated U.S. regulatory approval in relapsed/refractory B cell acute lymphoblastic leukemia, a Phase I trial in relapsed/refractory B cell non-Hodgkin’s lymphoma, and Phase I trials for at least four additional product candidates that target different cancer-associated proteins in hematological and solid organ cancers. Longer term, they aim to improve and leverage our cell-based platform to develop additional product candidates to address a broad range of cancers and human diseases.

Link to S-1

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