Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
RUSNANO company
Stock Market

RUSNANO’s subsidiary Atea Pharmaceuticals is listed on the New York Stock Exchange

07.07.2021
2 min read

RUSNANO subsidiary conducted an initial public offering

Atea Pharmaceuticals, a subsidiary of RUSNANO, made its initial public offering on the New York Stock Exchange. The company’s sphere of activity is antiviral therapy research and development of new generation medical products. One of the company’s areas of activity is the study of coronavirus COVID-19 and the vaccine against it.
During the IPO Atea Pharmaceuticals placed 12.5 million shares on the stock exchange, the price of one security was $24. The total amount came out to 300 million dollars, and the value of the company was estimated at about 1.9 billion dollars. The first trades after the placement brought a 25 percent increase in the share price. The IPO procedure was carried out with the participation of such well-known firms as J.P. Morgan, William Blair, Morgan Stanley and others.
The funds received during the placement are planned to be used for development of clinical trials and improvement of operational processes. Now the main subject of development is the creation of a drug that fights the virus type SARS-CoV-2, which caused the pandemic last year. The specialists of the company have already developed a drug that is under clinical trials. Now it is at the second stage of testing. In addition to this direction, Atea is studying the mechanisms of treatment of hepatitis C, dengue fever, and is creating effective drugs against these diseases.

RUSNANO company

Atea is part of RosMedInvest’s portfolio, the latter acquired the developer of the drugs in 2014 during Round A. The company’s shareholders are also investment funds, including JPM Partners, ABG-ATEAB Limited and others. Despite the fact that Atea has placed its shares on the stock exchange, RMI does not plan to carry out an IPO.
It should be noted that investments in Atea have become an example of classic financial success. RosMedInvest started financing at the initial stage of the company’s formation. As a result, Atea, with the support of RMI, has gone all the way to development. Now all the company’s efforts are focused on the development of anti-virus drugs, and there are already the first positive results. However, the most difficult thing for the company is ahead – it is necessary to prove the effectiveness of drugs, and first of all drugs against COVID-19. The third phase of testing should begin in the second half of the year. For this purpose, Atea is preparing an extensive scientific and clinical base, which will enable it to carry out all necessary research and confirm the benefit of the drug in treating the virus.
As soon as a pandemic was declared in the world, Atea urgently re-qualified its capacity to develop a drug against COVID-19. Between May and October, the company managed to attract a new round of investment, which took place in two tranches. In total, 215 million dollars were received, and already in May, Atea presented the first results of its development.

Tags: Stock Market
0
Previous Post How much the Mexico's economy has suffered: an overview of the situation Next Post World Gold Council analysts: what are the drivers of gold market growth

You Might Also Like

default of Chinese companies
Stock Market
Record defaults by Chinese companies recorded
19.08.2022
Head of the White House
Stock Market
The head of the White House called upon the Federal Reserve to weaken the dollar
10.10.2020
Deposit rates in Russia
Stock Market
Deposit rates in Russia are losing their relevance as an option to generate income
21.05.2020
double-digit yields
Stock Market
JPMorgan: investors in emerging economies can expect double-digit returns
24.03.2023
Bonds with a negative yield
Stock Market
Great Britain started selling bonds with a negative yield
07.02.2021
The Honest Company
Stock Market
The Honest Company plans to go public this year
13.01.2022

Recent Posts

  • 1Mary Erdoes
    Mary Erdoes: the most powerful woman on Wall Street
    02.06.2023
  • 2Pilatus Aircraft
    Pilatus Aircraft: the history of the Swiss aircraft manufacturer
    01.06.2023
  • 3investment triangle to select a particular asset
    Investment triangle: how to choose the best asset for investment
    31.05.2023
  • 4Nissan and Renault
    Nissan and Renault invest $600 million in a joint venture
    30.05.2023
  • 5Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Yandex will buy Tinkoff: what do we know about the deal?

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

inflation in the UK
Inflation in the UK will decline: analysts’ forecasts
03.06.2023
Mary Erdoes
Mary Erdoes: the most powerful woman on Wall Street
02.06.2023
Pilatus Aircraft
Pilatus Aircraft: the history of the Swiss aircraft manufacturer
01.06.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Yandex will buy Tinkoff: what do we know about the deal?
  • Rabobank investment bank considered the actions of the Central Bank of Poland
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics