STOCK TITAN

Viridian Therapeutics, Inc. - VRDN STOCK NEWS

Welcome to our dedicated page for Viridian Therapeutics news (Ticker: VRDN), a resource for investors and traders seeking the latest updates and insights on Viridian Therapeutics stock.

Viridian Therapeutics, Inc. (NASDAQ: VRDN) is a clinical-stage biopharmaceutical company focused on developing innovative therapies for patients suffering from thyroid eye disease (TED). The company's primary product candidate, VRDN-001, is an insulin-like growth factor-1 receptor (IGF-1R) monoclonal antibody (mAb) that holds promise for treating TED, a rare and debilitating condition.

Viridian Therapeutics leverages cutting-edge science and a deep understanding of disease biology to advance its therapeutic candidates. Their lead candidate, VRDN-001, is aimed at mitigating the symptoms of TED, which include inflammation, pain, and vision impairment. By targeting IGF-1R, VRDN-001 has the potential to offer a novel treatment option for patients who currently have limited choices.

The company’s commitment to scientific excellence is reflected in its rigorous clinical trials and strategic partnerships. Viridian collaborates with leading academic institutions and industry partners to enhance the development and potential commercialization of its therapies. These collaborations provide valuable resources and expertise, helping to accelerate the progress of their drug candidates.

In terms of financial health, Viridian Therapeutics is well-positioned with sufficient funding to advance its clinical programs. The company continuously explores opportunities to bolster its financial stability through strategic partnerships and potential equity financing. Viridian's prudent financial management ensures that it can sustain its operations and continue its mission to bring transformative therapies to patients in need.

Viridian's focus on thyroid eye disease addresses a significant unmet medical need. The company aims to develop treatments that improve the quality of life for patients suffering from this challenging condition. By pursuing innovative approaches and maintaining a patient-centric mindset, Viridian is making meaningful strides in the field of biopharmaceuticals.

Stay updated with the latest news and developments from Viridian Therapeutics as they progress in their mission to deliver groundbreaking therapies for underserved patient populations.

Rhea-AI Summary

Viridian Therapeutics (NASDAQ: VRDN) announced the issuance of 1,725,000 additional shares at $23.50 each, raising approximately $40.5 million. This follows the previous public offering of 11,352,640 shares, totaling around $311 million in gross proceeds. The funds will support clinical development programs, working capital, and general purposes. The offering was facilitated by Jefferies, SVB Securities, and Evercore ISI. Viridian is focused on developing treatments for underserved diseases, with key programs aimed at thyroid eye disease.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
-
Rhea-AI Summary

Viridian Therapeutics, Inc. (NASDAQ: VRDN) announced an upsized underwritten public offering, aiming to raise approximately $270 million. The company will sell 9,627,640 shares of common stock at $23.50 each and 28,084 shares of series B preferred stock at $1,566.745, convertible into roughly 1,872,360 shares of common stock. The funds will support clinical development and general corporate purposes. The offering is expected to close on or about August 19, 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.67%
Tags
-
Rhea-AI Summary

Viridian Therapeutics, Inc. (NASDAQ: VRDN) announced an underwritten public offering of $175 million in common stock and series B preferred stock, with an additional $26.25 million option for underwriters. The funding aims to support clinical development programs and cover general corporate expenses. The series B preferred stock is convertible into common stock. Jefferies, SVB Securities, and Evercore ISI are managing the offering. The registration statement for this offering is effective, and the company emphasizes that the press release does not constitute an offer to sell securities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.91%
Tags
Rhea-AI Summary

Viridian Therapeutics (NASDAQ: VRDN) announced positive initial data from its ongoing Phase 1/2 trial of VRDN-001 for Thyroid Eye Disease (TED) and promising results from VRDN-002, which has an extended half-life. As of June 30, 2022, the company reported $161 million in cash and equivalents plus a $75 million credit facility, ensuring operational funding into 2024. R&D expenses rose to $21.7 million, contributing to a net loss of $29.5 million in Q2 2022. Future plans include advancing VRDN-001 to Phase 3 and initiating new trials with VRDN-002 and VRDN-003.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
49.36%
Tags
-
Rhea-AI Summary

Viridian Therapeutics announced positive initial clinical data from the VRDN-001 Phase 1/2 trial for thyroid eye disease (TED). Results showed an 83% response rate in proptosis with a mean reduction of 2.4mm, and 75% of patients experienced complete resolution of diplopia. Notably, there were no serious adverse events reported, indicating a favorable safety profile. Additionally, enrollment for the 20mg/kg cohort is nearly complete, with data expected in Q4 2022. The company also provided insights into the extended half-life of another candidate, VRDN-002, highlighting its potential as a subcutaneous treatment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
49.36%
Tags
-
Rhea-AI Summary

Viridian Therapeutics, Inc. (Nasdaq: VRDN) announced on August 5, 2022, that its Compensation Committee approved the grant of stock options for 53,000 shares to two new employees as an inducement for joining the company. This grant, made outside the 2016 Equity Incentive Plan, aligns with Nasdaq Listing Rule 5635(c)(4). The exercise price matches the closing stock price on the grant date, with vesting over four years, starting with 25% after the first year and monthly thereafter. Viridian focuses on developing innovative treatments for serious diseases, notably its advanced program targeting thyroid eye disease.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
Rhea-AI Summary

Viridian Therapeutics, Inc. (Nasdaq: VRDN) announced a stock option grant to an employee for 14,000 shares as an inducement for employment. The grant, approved by the Compensation Committee, is outside the company's existing equity incentive plan but adheres to its terms. The exercise price matches the closing stock price on the grant date, July 1, 2022. The options will vest over four years, with 25% vesting after one year and the remainder in monthly installments, contingent on continued employment. Viridian focuses on developing treatments for serious diseases, including thyroid eye disease.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
Tags
none
-
Rhea-AI Summary

Viridian Therapeutics (NASDAQ: VRDN) appointed Carrie Melvin as Chief Operating Officer, a new role aimed at supporting the company's late-stage clinical development for its thyroid eye disease (TED) programs, VRDN-001 and VRDN-002. With over 20 years of experience in the biotech sector, Melvin's past roles include Senior Vice President of Clinical Development Operations at X4 Pharmaceuticals and Vice President at GSK, focusing on oncology. As part of her employment, she will receive an Inducement Grant of options to purchase 210,000 shares of common stock, vesting over four years.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.36%
Tags
management
-
Rhea-AI Summary

Viridian Therapeutics (NASDAQ: VRDN) announced the approval of stock options for 266,000 shares to five new employees. These Inducement Grants, made on June 1, 2022, are designed to encourage new hires and are outside the 2016 Equity Incentive Plan. The exercise price matches the stock's closing price on the grant date and will vest over four years, starting with 25% after one year. Viridian focuses on developing treatments for serious conditions like thyroid eye disease, with its leading product candidate VRDN-001 targeting IGF-1R.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.69%
Tags
none
Rhea-AI Summary

Viridian Therapeutics (NASDAQ: VRDN) announced that CEO Jonathan Violin, Ph.D., will participate in two fireside chats at upcoming conferences in New York. The first is at the Jefferies Healthcare Conference on June 8, 2022, at 11:30 am ET, followed by the JMP Securities Life Sciences Conference on June 15, 2022, at 3:30 pm ET. Investors can access live webcasts of both events via registration links. Viridian focuses on innovative therapies for serious diseases, with its lead program targeting thyroid eye disease.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
conferences

FAQ

What is the current stock price of Viridian Therapeutics (VRDN)?

The current stock price of Viridian Therapeutics (VRDN) is $20.2 as of November 22, 2024.

What is the market cap of Viridian Therapeutics (VRDN)?

The market cap of Viridian Therapeutics (VRDN) is approximately 1.6B.

What does Viridian Therapeutics, Inc. do?

Viridian Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing therapies for thyroid eye disease, with a primary focus on their product candidate VRDN-001.

What is VRDN-001?

VRDN-001 is an insulin-like growth factor-1 receptor (IGF-1R) monoclonal antibody being developed by Viridian Therapeutics for the treatment of thyroid eye disease.

What condition does Viridian Therapeutics aim to treat?

Viridian Therapeutics is focused on developing treatments for thyroid eye disease, a rare and debilitating condition.

How does VRDN-001 work?

VRDN-001 targets the insulin-like growth factor-1 receptor (IGF-1R) to potentially reduce inflammation, pain, and vision impairment associated with thyroid eye disease.

Who are Viridian Therapeutics' partners?

Viridian collaborates with leading academic institutions and industry partners to enhance the development and potential commercialization of its therapies.

What is the financial condition of Viridian Therapeutics?

Viridian Therapeutics is well-positioned with sufficient funding to advance its clinical programs and explores opportunities for strategic partnerships and equity financing.

Why is thyroid eye disease a focus for Viridian Therapeutics?

Thyroid eye disease represents a significant unmet medical need with limited treatment options, and Viridian aims to develop therapies that improve the quality of life for these patients.

How can I stay updated on Viridian Therapeutics' progress?

You can stay updated by following the latest news and developments from Viridian Therapeutics as they advance their clinical programs and partnerships.

Where is Viridian Therapeutics listed?

Viridian Therapeutics is listed on the NASDAQ stock exchange under the ticker symbol VRDN.

What makes Viridian Therapeutics' approach unique?

Viridian Therapeutics leverages in-depth disease biology knowledge and cutting-edge science to develop innovative therapies, particularly targeting the IGF-1R pathway for thyroid eye disease.

Viridian Therapeutics, Inc.

Nasdaq:VRDN

VRDN Rankings

VRDN Stock Data

1.59B
76.37M
0.01%
112%
13.12%
Biotechnology
Services-medical Laboratories
Link
United States of America
WALTHAM