As it opened for the first time on Nasdaq earlier Friday, shares of Septerna (NASDAQ:SEPN) started at $23.50, above the IPO price of $18. The pharma's lead candidate is SEP-786, a PTH1R agonist in phase 1 for hypoparathyroidism. In a prior SEC filing, Septerna said it planned to offer ~11M shares at $15-$17 a share. At that price, the company expected an IPO of $175M.
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