IPOs

Phase 2/3 neurodegeneration biotech Athira Pharma files for a $100 million IPO

Athira Pharma, a Phase 2/3 biotech developing therapies for neurodegeneration, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The company is developing small molecule therapies to restore neuronal health and stop neurodegeneration through its ATH platform. Athira's lead candidate, ATH-1017, demonstrated improvements in brain network activity indicating potentially positive effects on brain function in nonclinical studies and Phase 1 clinical trials. The company plans to initiate a Phase 2/3 clinical trial for ATH-1017 by the end of 2020.

The Seattle, WA-based company was founded in 2011 and plans to list on the Nasdaq under the symbol ATHA. Athira Pharma filed confidentially on July 24, 2020. Goldman Sachs, Jefferies and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Phase 2/3 neurodegeneration biotech Athira Pharma files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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