Lexeo Therapeutics Inc

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Lexeo Therapeutics, Inc. is a clinical stage genetic medicine company, which engages in the development of therapies for hereditary and acquired diseases. The firm focuses on the medication of genetically defined cardiovascular diseases and sub-group of Alzheimer’s disease. It offers LX2006 for the treatment of patients with Friedreich's ataxia, cardiomyopathy, and LX1001 for APOE4 homozygous patients with Alzheimer's disease. The company was founded by Ronald G. Crystal in February 2017 and is headquartered in New York, NY.

Lexeo Therapeutics Inc.'s stock LXEO, -15.01% tumbled 15% in its trading debut on Friday, after the company's initial public offering priced below the proposed price range. The stock priced at $11, below a $13 to $15 range.

Lexeo Therapeutics' stock falls 15% in trading debut after its IPO priced below range

Lexeo Therapeutics, Inc. has filed to raise $126 million in an IPO, to support developing treatments for cardiovascular and Alzheimer's conditions. The company's lead candidate, LX2006, is in Phase 1/2 clinical trials for Friedreich's ataxia, with interim data expected in mid-2024. Lexeo is pursuing high-risk treatment areas, but faces legal risks and a challenging post-IPO environment for biopharma companies.

Lexeo Therapeutics Proposes Terms For $126 Million IPO

Lexeo Therapeutics, Inc. has filed for a $100 million IPO to develop treatments for cardiovascular and Alzheimer's conditions, although the final figure may differ. The company's lead candidate, LX2006, is currently in Phase 1/2 clinical trials for treating Friedreich's ataxia. The market opportunity for the conditions Lexeo is targeting is substantial and expected to grow in the coming years.

Lexeo Therapeutics Starts $100 Million U.S. IPO Effort

News for Lexeo Therapeutics Inc Stock (LXEO)