Neumora Therapeutics Inc

Earnings data Q3 2023

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Neumora Therapeutics, Inc. is a clinical-stage biotechnology company. It offers a precision medicine approach for brain diseases through the integration of data science and neuroscience. The firm focuses on advancing medicines for therapeutically relevant targets implicated in CNS diseases, targeting novel mechanisms of action with best-in-class pharmacology. The company was founded by Paul L. Berns, Carol Suh and Mike Poole in November 2019 and is headquartered in Watertown, MA.

Amgen

Neumora Therapeutics stock advanced as much as 16% in Wednesday morning's trade after it was revealed that Amgen Inc (NASDAQ:AMGN) holds a material stake in the company. Amgen was an investor in Neumora's IPO last week, adding to an existing holding, to give it a 23.2% stake in the neuroscience drug discovery company, according to a filing.

Neumora Therapeutics stock surges as Amgen confirmed as major holder of the novel depression drug developer

Amgen Inc.'s disclosure Wednesday of a large stake in Neumora Therapeutics Inc. indicates that the value of its investment in the biopharmaceutical company, which recently went public, has tripled.

Amgen discloses more than $400 million stake in recent IPO Neumora Therapeutics

Neumora focuses on central nervous system disorders. Its lead therapy is Navacaprant to treat MDD.

Why Shares of Neumora Therapeutics Slumped This Week

WATERTOWN, Mass., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Neumora Therapeutics, Inc. (“Neumora”), a clinical-stage biopharmaceutical company redefining neuroscience drug development, today announced the pricing of its initial public offering of 14,710,000 shares of its common stock at a price to the public of $17.00 per share. All of the shares are being offered by Neumora. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Neumora, are expected to be approximately $250 million. In addition, Neumora has granted the underwriters a 30-day option to purchase up to 2,206,500 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on September 15, 2023 under the ticker symbol “NMRA.” The initial public offering is expected to close on September 19, 2023, subject to the satisfaction of customary closing conditions.

Neumora Therapeutics Announces Pricing of Initial Public Offering

Neumora Therapeutics, Inc. plans to raise $250 million in an IPO to fund the development of drug treatments for psychiatric disorders and neurological diseases. The company has a major collaboration with Amgen and is in Phase 3 trials for its lead candidate. Neumora Therapeutics is well-capitalized and has a strong investor syndicate, making it a compelling investment opportunity for patient life science investors.

IPO Update: Neumora Therapeutics Seeks $250 Million U.S. IPO

News for Neumora Therapeutics Inc Stock (NMRA)