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Bicara Therapeutics (Nasdaq: BCAX) reported Q3 2024 financial results and business updates. The company completed an upsized IPO raising $362 million in gross proceeds and maintains a strong financial position with $521 million in cash, expected to fund operations into H1 2029. The company is preparing to initiate FORTIFI-HN01, a pivotal Phase 2/3 trial of ficerafusp alfa for head and neck cancer treatment. Current Phase 1/1b trial shows promising results with 64% overall response rate and 18% complete response rate. Q3 financial results show R&D expenses of $15.9 million and G&A expenses of $4.8 million, with a net loss of $17.5 million.
Bicara Therapeutics (Nasdaq: BCAX), a clinical-stage biopharmaceutical company focused on developing bifunctional therapies for solid tumors, has announced its participation in the Stifel 2024 Healthcare Conference. CEO Claire Mazumdar will deliver a presentation on November 19, 2024 at 9:10 a.m. ET in New York. The presentation will be accessible via live webcast on Bicara's website, with a replay available for approximately 90 days afterward.
Bicara Therapeutics (Nasdaq: BCAX) has successfully closed its initial public offering (IPO) of 20,125,000 shares of common stock at $18.00 per share, raising gross proceeds of approximately $362 million. The offering included the full exercise of the underwriters' option to purchase an additional 2,625,000 shares. Trading of Bicara's shares on the Nasdaq Global Market began on September 13, 2024, under the ticker symbol 'BCAX'.
The IPO was jointly managed by Morgan Stanley, TD Cowen, Cantor, and Stifel as bookrunners. Bicara Therapeutics, a clinical-stage biopharmaceutical company focused on developing bifunctional therapies for solid tumors, will use the proceeds to advance its research and development efforts.
Bicara Therapeutics Inc. (Nasdaq: BCAX), a clinical-stage biopharmaceutical company, has announced the pricing of its upsized initial public offering. The company is offering 17,500,000 shares of common stock at $18.00 per share. Trading is expected to begin on the Nasdaq Global Market on September 13, 2024, under the ticker symbol 'BCAX'. The offering is set to close on September 16, 2024.
Bicara has granted underwriters a 30-day option to purchase up to an additional 2,625,000 shares. The gross proceeds are expected to be approximately $315.00 million, excluding any exercise of the underwriters' option. Morgan Stanley, TD Cowen, Cantor, and Stifel are acting as joint bookrunners for the offering.
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