Oct 7 (Reuters) - CAMP4 Therapeutics, a
biopharmaceutical company backed by healthcare giant Kaiser
Permanente, said on Monday it was targeting a valuation of up to
$283 million in its initial public offering in the United
States.
The company will join a pack of biotech firms that have
listed their shares recently as a long-awaited policy-easing
cycle begins. Startups are also looking to get ahead of the
potential uncertainty from the U.S. presidential election next
month.
CAMP4 is seeking proceeds of up to $80 million through a
sale of 5 million shares priced between $14 and $16 each.
The Cambridge, Massachusetts-based company is developing
therapies to treat a broad range of genetic diseases. Its lead
product candidate, CMP-CPS-001, for treating the most prevalent
urea cycle disorders is being evaluated in an early-stage
clinical trial.
CAMP4 is led by Josh Mandel-Brehm, who previously worked at
Biogen and Sanofi.
It will seek a listing on Nasdaq under the symbol "CAMP".
J.P. Morgan, Leerink Partners, Piper Sandler and William Blair
are the underwriters for the IPO.