BioAge Labs, Inc. develops clinical-stage biopharmaceutical candidates for cardiometabolic diseases by targeting the biology of human aging. Its news centers on BGE-102, a potent, orally available, brain-penetrant small-molecule NLRP3 inhibitor being developed for cardiovascular risk and retinal diseases, including diabetic macular edema.
Recurring updates cover Phase 1 biomarker and tolerability data, indication development for inflammation-driven disease, and research into long-acting injectable and oral small-molecule APJ agonists for obesity. BioAge also reports financial results, public offerings, R&D presentations, and collaborations that use its human longevity data platform to identify metabolic-aging pathways.
BioAge Labs reported Q3 2024 financial results and business updates. Key highlights include the initiation of Phase 2 STRIDES trial testing azelaprag with tirzepatide for obesity, and completion of a $238.3M IPO. The company reported R&D expenses of $20.0M (up from $6.5M in Q3 2023), G&A expenses of $4.7M, and a net loss of $23.4M. With approximately $334.5M in cash and cash equivalents, BioAge expects to fund operations into 2029. The company also appointed former GSK CEO Jean-Pierre Garnier as Board Chair.
BioAge Labs announced new preclinical data presentations for azelaprag, their oral APJ agonist, at ObesityWeek 2024. The studies demonstrated that azelaprag enhanced weight loss when combined with various appetite suppressants in obese mice on high-fat diets. As a monotherapy, azelaprag showed protection against excess weight gain, improved body composition, and increased physical activity and energy expenditure. The data supports azelaprag's potential as a novel obesity treatment, both as a standalone therapy and in combination with other medications like semaglutide, tirzepatide, danuglipron, and rimonabant.
BioAge Labs (Nasdaq: BIOA), a clinical-stage biopharmaceutical company focused on developing therapeutics for metabolic diseases through aging biology, has announced its participation in the Jefferies London Healthcare Conference. CEO and co-founder Kristen Fortney, PhD, will deliver a presentation at the conference, scheduled for November 19-21, 2024. The presentation will be available on-demand, with a live webcast scheduled for November 19 at 1:00-1:25 PM GMT. Interested parties can access the presentation replay through BioAge's investor relations website for approximately 30 days post-conference.
BioAge Labs (Nasdaq: BIOA) has successfully closed its upsized initial public offering (IPO) of 12,650,000 common stock shares at $18.00 per share, including the full exercise of the underwriters' option for 1,650,000 additional shares. The company also completed a concurrent private placement of 588,888 shares at the IPO price to an existing stockholder. The combined gross proceeds from the IPO and private placement totaled approximately $238.3 million, before deducting underwriting discounts, commissions, and expenses.
Goldman Sachs & Co. , Morgan Stanley, Jefferies, and Citigroup served as joint book-running managers for the offering and placement agents for the private placement. The IPO shares were offered under registration statements filed with the SEC, which became effective on September 25, 2024.
BioAge Labs, a clinical-stage biopharmaceutical company focusing on metabolic diseases, has announced the pricing of its upsized initial public offering (IPO). The company is offering 11,000,000 shares of common stock at $18.00 per share, expecting to raise $198.0 million in gross proceeds. Trading is set to begin on September 26, 2024, on the Nasdaq Global Select Market under the ticker symbol 'BIOA'.
The offering is expected to close on September 27, 2024. BioAge has also granted underwriters a 30-day option to purchase up to an additional 1,650,000 shares. Goldman Sachs & Co. , Morgan Stanley, Jefferies, and Citigroup are acting as joint book-running managers for the offering.
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