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Seattle-based cancer-immunotherapy company, Juno Therapeutics, updated its price range for its initial public offering (IPO) to be held on December 19.
Juno is a clinical-stage biotechnology company that develops Chimeric Antigen Receptors (CARs) and T Cell Receptors (TCRs) based cancer immunotherapies. Recently, Juno Therapeutics announced promising clinical trial results at the American Society of Hematology (ASH) annual meeting on December 8. But Juno’s pipeline products will face stiff competition from existing drugs in the market. At Bidness, we are developing the most comprehensive and easy to use institutional financial data platform for investment management and investment banking. The said drug was able to achieve 89% of complete remission in patients, while average survival duration was recorded at 8.5 months.



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Juno Therapeutics had a splashy initial public offering Friday, and shares climbed more than 45 percent in its first day of trading. It spun off from the Fred Hutchinson Cancer Research Center, with resources from Seattle Children’s Research Institute and Memorial Sloan-Kettering Cancer Center in New York. CAR-T therapy treats patients with B-cell leukemia and lymphomas by inhibiting the CD22 protein.
In the run-up to its initial public offering, Juno had already upped its initial share price more than once.
Currently, the drug is in its phase I trial to evaluate the efficacy of treating children with lymphomas.


Preston Said Juno may be just getting started — its initial results come from a handful of small trials in relatively rare cancers — but it has a lot in the pipeline.
That is a gift to Fred Hutch, which holds a large chunk of shares now valued at nearly $150 million. Preston said excitement about immunotherapy approaches to fighting cancer are driving investors’ interest is Juno. The company says it will use the money to test more drugs, build out its manufacturing facilities and hire more people.



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