Viventia Files for IPO

By Chris Lange Published Oct 22, 11:50AM EDT

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Viventia Bio has filed an F-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, but the offering is valued up to $86.25 million. The company intends to list on the Nasdaq Global Market under the symbol VITA.

The underwriters for this offering are Leerink Partners, Cowen and Guggenheim Securities.

This biologics oncology company is focused on designing, engineering and developing targeted protein therapeutics (TPTs). Its most advanced product candidates, Vicinium and Proxinium, are locally administered TPTs. In the third quarter of 2015, Viventia commenced a Phase 3 clinical trial for the lead product candidate, Vicinium, for the treatment of high-grade non-muscle invasive bladder cancer in the United States and Canada.

The company intends to begin enrollment by the end of the first quarter of 2016 for a Phase 3 clinical trial of Proxinium for the treatment of late-stage squamous cell carcinoma of the head and neck in the United States. Similar to existing antibody-drug conjugates, its TPTs are comprised of a targeting moiety that specifically binds to cancer cells and delivers a cytotoxic payload. Viventia has designed its TPTs to overcome the fundamental efficacy and safety challenges inherent in existing ADCs. The company is also developing cancer therapies for systemic administration utilizing its TPT platform, and it may explore additional therapeutic indications for Vicinium and Proxinium.

As for the net proceeds from this offering, Viventia intends to use them for the further research and development of its pipeline. The remainder will be used to in-license, acquire or invest in complementary businesses, intellectual property, products or assets. However, it has no current commitments or obligations to do so.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.