Scholar Rock Holding Corporation

Company: Scholar Rock Holding Corporation
Symbol: SRRK
Description: They are a biopharmaceutical company focused on the discovery and development of innovative medicines for the treatment of serious diseases in which signaling by protein growth factors plays a fundamental role.
Trade Date: 5/24
Shares: 5.36 million
Price Range: $13.00-$15.00
Underwriter(s): Jefferies, Cowen, BMO Capital
Co-Manager(s): Wedbush PacGrow
Terms Added: 5-14-18

Link to Prospectus

Link to Retail Roadshow

Business: They have a pipeline of product candidates across various stages of development, currently focused on autoinflammatory and autoimmune conditions. They have three clinical-stage product candidates, one of which is anticipated to commence a Phase 3 clinical trial in 2018. They follow a disciplined and methodical approach to selectively identify and acquire product candidates with strong biologic rationales or validated mechanisms of action. They believe that each of their product candidates has the potential to address multiple indications.

License Agreement(s): They have worldwide rights to their proprietary platform and all of their product candidates, with the exception of certain early-stage antibodies that specifically inhibit the activation of TGFb1 in the context of regulatory T cells, which they licensed to Janssen Biotech, Inc., or Janssen, a subsidiary of Johnson & Johnson.

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