Janux Therapeutics, Inc.

General Information
Business:

We are an innovative biopharmaceutical company developing next-generation therapeutics based on our proprietary Tumor Activated T Cell Engager (TRACTr) platform technology to better treat patients suffering from cancer. Our initial focus is on developing a novel class of T cell engagers (TCEs), and our lead product candidates are designed to target clinically validated drug targets. While TCE therapeutics have displayed potent anti-tumor activity in hematological cancers, developing TCEs to treat solid tumors has faced challenges due to the limitations of prior TCE technologies, namely (i) overactivation of the immune system leading to cytokine release syndrome (CRS), (ii) on-target, healthy tissue toxicities and (iii) poor pharmacokinetics (PK) leading to short half-life.

Our lead TRACTr product candidates are designed to target PSMA, EGFR, and TROP2. Each of these tumor targets are clinically validated and implicated in solid tumors with high prevalence, including metastatic castrate-resistant prostate cancer (mCRPC), colorectal cancer (CRC), squamous cell cancer of the head and neck (SCCHN), triple-negative breast cancer (TNBC), urothelial cancer (UC), and non-small cell lung cancer (NSCLC). We anticipate submitting Investigational New Drug applications (INDs) for at least two of these product candidates by the end of 2022.

(Note: Janux Therapeutics upsized its IPO at pricing on June 10, 2021, to 11.4 million shares, up from 9.5 million in the prospectus, at $17 – the top of its $15-to-$17 range – to raise $193.8 million.) 

Industry: PHARMACEUTICAL PREPARATIONS
Employees: 20
Founded: 2017
Contact Information
Address 11099 N. Torrey Pines Road, Suite 290 La Jolla, California 92037
Phone Number (858) 750-4700
Web Address http://www.januxrx.com/
View Prospectus: Janux Therapeutics, Inc.
Financial Information
Market Cap $678.3mil
Revenues $0 mil (last 12 months)
Net Income $-6.78 mil (last 12 months)
IPO Profile
Symbol JANX
Exchange NASDAQ
Shares (millions): 11.4
Price range $17.00 - $17.00
Est. $ Volume $193.8 mil
Manager / Joint Managers BofA Securities/ Cowen/ Evercore ISI
CO-Managers H.C. Wainwright & Co. LLC
Expected To Trade: 6/11/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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