Lexeo Therapeutics

General Information


We are a clinical stage genetic medicine company dedicated to transforming healthcare by applying pioneering science to fundamentally change how disease is treated. Our leading drug product candidates target cardiovascular disease and Alzheimer’s disease. (Incorporated in Delaware)

We were founded through a collaboration between the world-class gene therapy research at Weill Cornell Medicine and a team of pioneering scientists, clinicians, and business leaders with deep expertise in gene therapy. We continue to leverage our long-standing relationship with Weill Cornell Medicine through sponsored research and development efforts to progress our cardiovascular platform technology as well as our APOE4-associated Alzheimer’s disease product candidates. Through our acquisition of Stelios Therapeutics, Inc., we have an ongoing collaboration with the University of California, San Diego, or UCSD, through which we sponsor research and development designed to advance our earlier stage cardiovascular pipeline.

Our most advanced cardiovascular product candidate, LX2006 for the treatment of patients with Friedreich’s ataxia, or FA, cardiomyopathy, is currently being evaluated in an ongoing Phase 1/2 clinical trial and we have observed an increase in frataxin protein expression in the heart from one patient in the low dose cohort based on a cardiac biopsy utilizing two separate analyses. We expect to report additional interim data from this trial in mid-2024.

Our second most advanced cardiovascular product candidate, LX2020 for the treatment of arrhythmogenic cardiomyopathy, or ACM, caused by mutations in the PKP2 gene, referred to as PKP2-ACM, received investigational new drug, or IND, clearance from the U.S. Food and Drug Administration, or FDA, in July 2023 and we expect to dose the first patient in a Phase 1/2 clinical trial in the first half of 2024 and provide an interim data readout from cohort 1 in the second half of 2024.

Our lead Alzheimer’s disease product candidate, LX1001, for the treatment of APOE4 homozygous patients with Alzheimer’s disease, is in an ongoing Phase 1/2 trial, and we have initially observed an increase in expression levels of the protective protein, APOE2, in the first dose cohort and a consistent trend towards improvement in core Alzheimer’s disease biomarkers. We expect to complete enrollment in the trial by the end of 2023 and report additional interim data from all cohorts in the Phase 1/2 clinical trial in the second half of 2024.

**Note: Grant revenue and net loss figures are for the 12 months that ended June 30, 2023.

(Lexeo Therapeutics priced its IPO at $11.00 – $2.00 below the bottom of its $13.00-to-$15.00 range – and slightly increased the number of shares to 9.09 million shares (9,090,910 shares) – up from 9.0 million shares in the prospectus – to raise $100 million on Nov. 2, 2023. The IPO raised $26 million less than the estimated IPO proceeds under the terms in the prospectus. Background: Lexeo Therapeutics filed its S-1 on Sept. 29, 2023, without disclosing terms for its IPO. The $100 million figure (estimated IPO proceeds) is a placeholder. The company submitted confidential IPO documents to the SEC on Feb. 4, 2022.)


Industry: Biologic Products - No Diagnostic Substances
Employees: 53
Founded: 2017
Contact Information
Address 345 Park Avenue South, Floor 6 New York, New York 10010
Phone Number (212) 547-9879
Web Address http://www.lexeotx.com/
View Prospectus: Lexeo Therapeutics
Financial Information
Market Cap $320.36mil
Revenues $0.53 mil (last 12 months)
Net Income $-63.73 mil (last 12 months)
IPO Profile
Symbol LXEO
Exchange NASDAQ
Shares (millions): 9.1
Price range $11.00 - $11.00
Est. $ Volume $100.0 mil
Manager / Joint Managers J.P.Morgan/ Leerink/ Stifel/ RBC Capital Markets/ Chardan
Expected To Trade: 11/3/2023
Status: Priced
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Lock-Up Period Expiration Date:
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