{"id":3943,"date":"2018-02-28T13:32:39","date_gmt":"2018-02-28T18:32:39","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3943"},"modified":"2018-02-28T13:32:39","modified_gmt":"2018-02-28T18:32:39","slug":"bioxcel-therapeutics-inc-ipo-preview-btai","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/bioxcel-therapeutics-inc-ipo-preview-btai\/","title":{"rendered":"BioXcel Therapeutics Inc #IPO Preview ( $BTAI )"},"content":{"rendered":"

\"BioXcelTherapeutics\"<\/a><\/p>\n

Company: BioXcel Therapeutics, Inc.<\/strong>
\nSymbol: BTAI
\nDescription: They are a clinical stage biopharmaceutical company focused on drug development that utilizes novel artificial intelligence, or AI, to identify the next wave of medicines across neuroscience and immuno-oncology.
\nTrade Date: 3\/8
\nShares: 5 million
\nPrice Range: $11.00-$13.00
\nUnderwriter(s): Barclays, UBS Investment Bank, BMO Capital Markets
\nCo-Manager(s): Canaccord Genuity
\nTerms Added: 2-27-18<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: Their two most advanced clinical development programs are BXCL501, a sublingual thin film formulation of dexmedetomidine, or Dex, designed for acute treatment of agitation resulting from neurological and psychiatric disorders, and BXCL701, an immuno-oncology agent designed for treatment of a rare form of prostate cancer and for treatment of pancreatic cancer. They\u00a0initiated a Phase\u00a01b pharmacokinetic\/pharmacodynamic, or PK\/PD, safety study using the IV formulation of Dex in mild probable Alzheimer’s Disease, or AD, in December 2017 and they\u00a0plan to initiate a Phase\u00a01b PK\/PD safety study using the IV formulation of Dex in schizophrenia patients in the first half of 2018. They\u00a0expect to report data from both studies by the second half of 2018. They\u00a0also intend to commence Phase\u00a02 proof of concept, or PoC, open label clinical trials in 2018 for both programs. They\u00a0expect that a data readout from the planned Phase\u00a02 PoC clinical trials for the BXCL501 program will be available by the end of 2018, potentially leading to the start of registration trials, and that preliminary data from the planned Phase\u00a02 PoC clinical trial of BXCL701 will be available in the first half of 2019. They\u00a0retain global development and commercialization rights to these two programs.<\/p>\n

\"BTAI.Drugs\"<\/a><\/p>\n

 <\/p>\n

Note: They are currently a 93% owned subsidiary of BioXcel. After the closing of this offering, they\u00a0expect to be a “controlled company” within the meaning of the corporate governance rules of The Nasdaq Capital Market.\u00a0<\/em><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: BioXcel Therapeutics, Inc. Symbol: BTAI Description: They are a clinical stage biopharmaceutical company focused on drug development that utilizes novel artificial intelligence, or AI, to identify the next wave of medicines across neuroscience and immuno-oncology. Trade Date: 3\/8 Shares: 5 million Price Range: $11.00-$13.00 Underwriter(s): Barclays, UBS Investment Bank, BMO Capital Markets Co-Manager(s): Canaccord[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1474],"class_list":["post-3943","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-btai"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3943"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3943\/revisions"}],"predecessor-version":[{"id":3946,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3943\/revisions\/3946"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}