Merck acquired Peloton Therapeutics the day before the company was set to go public, but the IPO of Bicycle Therapeutics is still on track. All rights reserved. You can reach him at fvinluan@xconomy.com. Peloton Therapeutics serves customers in the United States. Peloton Therapeutics, Inc. operates as a biotechnology company. Peloton develops drugs that target hypoxia-inducible factor 2a, or HIF-2a, a protein that regulates the body’s response to hypoxia, or low oxygen levels in tissues. Frank Vinluan is an Xconomy editor based in Research Triangle Park. The Company offers cancer research and drug development services. Despite its name, Peloton Therapeutics has nothing to do with exercise bikes. The biotech’s business hinges instead on two drugs that are designed to … Under the agreement announced Tuesday, Merck (NYSE: The Peloton acquisition brings to Merck a pipeline of drugs that hit a molecular target thought to be “undruggable” with small molecules. Merck & Co. will acquire Peloton Therapeutics Inc. for as much as $2.2 billion in cash and additional payments, making the deal just a … The company is testing it in a number of diseases. A Phase 3 study in patients with advanced renal cell carcinoma, the most common form of kidney cancer, is expected to start in the second half of this year. Peloton Therapeutics has filed to raise $115 million in an IPO, although the final amount may differ. Find the latest PELOTON THERAPEUTICS, INC. (PLTX) stock discussion in Yahoo Finance's forum. Merck has reached a deal to acquire Peloton Therapeutics, and its Phase 3-ready kidney cancer drug, for $1.05 billion.

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Peloton Therapeutics, Inc. With data from IBM Watson Health, epidemiologists can describe treatment patterns, persistence & adherence to therapy© 2007-2020, Xconomy, Inc. You can reach him at fvinluan@xconomy.com.

Peloton is also evaluating the drug in other types of cancer. To view the prospectus for Peloton Therapeutics IPO, or any offering listed on ClickIPO, download the ClickIPO app... or a prospectus can be requested from G. Price at ClickIPO Securities, LLC 8601 N Scottsdale Rd, Suite 335, Scottsdale, AZ 85253.

The drug is also being tested in Phase 2 studies as a treatment for the kidney tumors associated with Additional tests include a Phase 2 study testing PT2977 in combination with cancer drug cabozantinib in patients with advanced renal cell carcinoma. Merck is represented by Credit Suisse as financial adviser, and Peloton is represented by Centerview Partners.Merck shares were up 0.8% to $79.49 at 10:38 a.m. in New York. Peloton develops drugs that target hypoxia-inducible factor 2a, or HIF-2a, a protein that regulates the body’s response to hypoxia, or low oxygen levels in tissues. A Phase 1/2 study is underway in glioblastoma multiforme, a type of brain cancer.According to Peloton’s IPO documents, the company had raised a total of approximately $304 million, including Merck and Peloton expect to close the acquisition in the third quarter of this year.

All rights reserved. Under the agreement announced Tuesday, Merck (NYSE: The Peloton acquisition brings to Merck a pipeline of drugs that hit a molecular target thought to be “undruggable” with small molecules. U.S. drugmaker Merck on Tuesday agreed to buy Peloton Therapeutics for $1.05 billion in cash, gaining access to the privately held company’s lead kidney cancer drug candidate. The company is testing it in a number of diseases. The firm is advancing a pipeline of treatment candidates for kidney and other … Peloton Therapeutics has filed proposed terms for a $150 million IPO. Xconomy is a registered service mark of Xconomy, Inc. Xconomy is a registered service mark of Xconomy, Inc. Dallas—Peloton Therapeutics, developer of small molecule drugs to treat kidney cancer and other diseases, has filed for an initial public offering to fund late-stage clinical trials. The drug is also being tested in Phase 2 studies as a treatment for the kidney tumors associated with Additional tests include a Phase 2 study testing PT2977 in combination with cancer drug cabozantinib in patients with advanced renal cell carcinoma.

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