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Monopar IPO: What You Need To Know

Monopar IPO: What You Need To Know

Cancer is a lucrative area for drug developers, and a company that develops therapies to improve clinical outcome of cancer patients is eyeing a public listing.

The IPO Terms

Wilmette, Illinois-based Monopar Therapeutics, Inc. has set the size and price of its previously announced IPO through an amendment to the Form S-1 registration statement filed with the SEC on Sep. 10.

The company is planning a 4.45-million share IPO, estimated to be priced between $8 and $10 per share.

At the midpoint of the estimated price range of $9, the size of the offering is $40.05 million.

It has applied for listing its shares on the Nasdaq under the ticker symbol MNPR.

JonesTrading is serving as the underwriter for the offering.

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The Company

Monopar is a clinical-stage biopharma company developing proprietary therapies to improve clinical outcomes for cancer patients. It is building a pipeline through licensing and outright acquisition of oncology assets in late pre-clinical and clinical development.

The company's lead product candidate is Validive, chemically clonidine mucobuccal tablet, with the initiation of a Phase 3 trial for the asset planned for the fourth quarter of 2019.


Source: S-1 filing

The Finances

Monopar doesn't have any commercial product yet and therefore hasn't been reporting revenues. The loss for the fiscal year 2018 widened from $3.23 million in fiscal 2017 to $16.56 million in fiscal 2018.

The loss for the three months ending June 30, 2018 was $821,000 compared to $906,000 in 2019.

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