DICE Therapeutics spikes 90% on its first day of trading

StreetInsider2021-09-16

DICE Therapeutics spikes 90% on its first day of trading. DICE Therapeutics, Inc. (Nasdaq: DICE), a biopharmaceutical company leveraging its proprietary technology platform to build a pipeline of ...

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Comments

CIG
2021-09-16
CIG
We don't have the chance to gain from US IPO, no point receiving such news. Can see cannot touch, otherwise may catch the falling knife.
- Tamashii:
  can maybe through different channel!
Ping2joseph
2021-09-16
Ping2joseph
Wow!
Syin23
2021-09-16
Syin23
Wow, crazy [DOGE]
ToongMH
2021-09-16
ToongMH
Wow, miss it
AgnesLoh
2021-09-16
AgnesLoh
Ok
Dreamchaser9
2021-09-16
Dreamchaser9
Ok

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(Nasdaq: DICE), a biopharmaceutical company leveraging its proprietary technology platform to build a pipeline of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18940577\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DICE","symbol_name":"DICE Therapeutics, Inc.","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=18940577","article_id":"2167565687","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2167565687","pubTimestamp":1631725650,"columns":[],"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"DICE Therapeutics spikes 90% on its first day of trading.\n\nDICE Therapeutics, Inc. (Nasdaq: DICE), a","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DICE":"DICE Therapeutics, Inc."},"translate_title":"DICE Therapeutics在交易的第一天就飙升了90%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DICE":0.9},"content_text":"DICE Therapeutics spikes 90% on its first day of trading.\n\nDICE Therapeutics, Inc. (Nasdaq: DICE), a biopharmaceutical company leveraging its proprietary technology platform to build a pipeline of novel oral therapeutic candidates to treat chronic diseases in immunology and other therapeutic areas, today announced the pricing of its upsized initial public offering of 12,000,000 shares of its common stock at a public offering price of $17.00 per share. All of the shares are being offered by DICE. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by DICE, are expected to be $204.0 million. The shares are expected to begin trading on the Nasdaq Global Market on September 15, 2021 under the ticker symbol “DICE.” The offering is expected to close on September 17, 2021, subject to the satisfaction of customary closing conditions. In addition, DICE has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock at the initial public offering price, less the underwriting discounts and commissions.\nBofA Securities, SVB Leerink and Evercore ISI are acting as joint bookrunning managers for the offering.\nAbout DICE Therapeutics, Inc.\nDICE Therapeutics, Inc. is a biopharmaceutical company leveraging its proprietary technology platform to build a pipeline of novel oral therapeutic candidates to treat chronic diseases in immunology and other therapeutic areas. DICE is initially focused on developing oral therapeutics against well-validated targets in immunology, with the goal of achieving comparable potency to their systemic biologic counterparts, which have demonstrated the greatest therapeutic benefit to date in these disease areas. The Company’s DELSCAPE platform is designed to discover selective oral small molecules with the potential to modulate protein-protein interactions (PPIs) as effectively as systemic biologics. DICE’s lead therapeutic candidate, S011806, is an oral antagonist of the pro-inflammatory signaling molecule, interleukin-17 (IL-17), which is a validated drug target implicated in a variety of immunology indications. DICE is also developing oral therapeutic candidates targeting α4ß7 integrin and αVß1/αVß6 integrin for the treatment of inflammatory bowel disease and idiopathic pulmonary fibrosis, respectively.\nCompany & Technology\nSouth San Francisco, California-based DICE was founded to leverage its proprietary DELSCAPE platform for discovering and developing chronic immune system disease treatments.\nManagement is headed by co-founder and CEO J. Kevin Judice, Ph.D., who has been with the firm since inception and was previously Chief Scientific Officer at Cidara Therapeutics(NASDAQ:CDTX).\nThe firm's lead candidate, its oral IL-17 franchise, is being developed to treat psoriasis and other mediated chronic immunology indications.\nInvestors in the firm have invested at least $107 million in equity investment and include RA Capital Management, Northpond Ventures and Sands Capital Private Growth.\nMarket & Competition\nAccording to a 2019 marketresearch reportby ResearchAndMarkets, the global market for the treatment of psoriasis conditions of all types is expected to reach $46.6 billion by 2022.\nThis represents a forecast CAGR (Compound Annual Growth Rate) of 11.5% from 2019 to 2022.\nKey elements driving this expected growth are a rise in incidence of psoriasis among patients possibly attributed to climate changes, increased stress and unhealthy lifestyles.\nAlso, according to the World Health Organization, more than 100 million people suffered from some form of psoriasis in 2016.\nMajor competitive vendors that provide or are developing related treatments include:\n\nNovartis(NYSE:NVS)\nEli Lilly & Co.(NYSE:LLY)\nBausch Health(NYSE:BHC)\nAmgen(NASDAQ:AMGN)\nBristol-Myers Squibb(NYSE:BMY)\nPfizer(NYSE:PFE)\nAbbVie(NYSE:ABBV)\nNimbus Therapeutics\nBiogen(NASDAQ:BIIB)\nTakeda(NYSE:TAK)\nBoehringer Ingelheim\nRoche(OTCQX:RHHBY)\n\nFinancial Status\nDICE's recent financial results include little revenue and significant R&D and G&A expenses associated with its development efforts.\nBelow are the company's financial results for the past two calendar years:\n\nAs of June 30, 2021, the company had $15.5 million in cash and $8.5 million in total liabilities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":885111462,"gmtCreate":1631764189156,"gmtModify":1676530629742,"author":{"id":"3583974841960176","authorId":"3583974841960176","name":"CIG","avatar":"https://static.tigerbbs.com/6c2077e2370e1ffcaca7e29b875be2be","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3583974841960176","idStr":"3583974841960176"},"htmlText":"We don't have the chance to gain from US IPO, no point receiving such news. Can see cannot touch, otherwise may catch the falling knife.","listText":"We don't have the chance to gain from US IPO, no point receiving such news. Can see cannot touch, otherwise may catch the falling knife.","text":"We don't have the chance to gain from US IPO, no point receiving such news. Can see cannot touch, otherwise may catch the falling knife.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/885111462","repostId":2167565687,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5886734,"gmtCreate":1631764555636,"gmtModify":1663233954830,"authorId":4087109479010510,"author":{"id":4087109479010510,"idStr":"4087109479010510","authorId":4087109479010510,"name":"Tamashii","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":885111462,"type":1,"supId":0,"prevId":0,"content":"can maybe through different channel!","text":"can maybe through different channel!","html":"can maybe through different channel!"}],"langContent":"EN"},{"id":885197859,"gmtCreate":1631762668771,"gmtModify":1676530629277,"author":{"id":"3578387522492131","authorId":"3578387522492131","name":"Ping2joseph","avatar":"https://community-static.tradeup.com/news/1485b66e7cf5b8745bdd93307ea27e55","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578387522492131","idStr":"3578387522492131"},"htmlText":"Wow!&nbsp;","listText":"Wow!&nbsp;","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885197859","repostId":2167565687,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":885342798,"gmtCreate":1631759533314,"gmtModify":1676530628275,"author":{"id":"3566638874866921","authorId":"3566638874866921","name":"Syin23","avatar":"https://static.tigerbbs.com/5fe07bbe04f288a17e760d8b275d427f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3566638874866921","idStr":"3566638874866921"},"htmlText":"Wow, crazy&nbsp;[DOGE]&nbsp;","listText":"Wow, crazy&nbsp;[DOGE]&nbsp;","text":"Wow, crazy [DOGE]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885342798","repostId":2167565687,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":885362690,"gmtCreate":1631757546410,"gmtModify":1676530627398,"author":{"id":"3579230468032082","authorId":"3579230468032082","name":"ToongMH","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579230468032082","idStr":"3579230468032082"},"htmlText":"Wow, miss it","listText":"Wow, miss it","text":"Wow, miss it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885362690","repostId":2167565687,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":885922998,"gmtCreate":1631752260314,"gmtModify":1676530624771,"author":{"id":"4088036751958190","authorId":"4088036751958190","name":"AgnesLoh","avatar":"https://static.tigerbbs.com/9171f9699090c3ed6c20bfd86a504bd0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088036751958190","idStr":"4088036751958190"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885922998","repostId":2167565687,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":885932282,"gmtCreate":1631750536746,"gmtModify":1676530623625,"author":{"id":"3581782846197879","authorId":"3581782846197879","name":"Dreamchaser9","avatar":"https://static.tigerbbs.com/f4f8f000953179179078bdd5e6f748b6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581782846197879","idStr":"3581782846197879"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/885932282","repostId":2167565687,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":418,"commentSize":23,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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