{"id":4570,"date":"2018-07-20T09:00:57","date_gmt":"2018-07-20T13:00:57","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4570"},"modified":"2018-07-20T09:01:32","modified_gmt":"2018-07-20T13:01:32","slug":"liquidia-technologies-inc-ipo-preview-lqda","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/liquidia-technologies-inc-ipo-preview-lqda\/","title":{"rendered":"Liquidia Technologies, Inc. #IPO Preview $LQDA"},"content":{"rendered":"

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

Company: Liquidia Technologies, Inc.<\/strong>
\nSymbol: LQDA
\nDescription: They are a late-stage clinical biopharmaceutical company focused on the development and commercialization of human therapeutics using our proprietary PRINT technology to transform the lives of patients.
\nTrade Date: 7\/26
\nShares: 4.54 million
\nPrice Range: $10.00-$12.00
\nUnderwriter(s): Jefferies, Cowen
\nCo-Manager(s): Needham & Co., Wedbush PacGrow
\nTerms Added: 7-13-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

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

Business<\/strong>:\u00a0They are a late-stage clinical biopharmaceutical company focused on the development and commercialization of human therapeutics using their proprietary PRINT\u00ae technology to transform the lives of patients. PRINT is a particle engineering platform that enables precise production of uniform drug particles designed to improve the safety, efficacy and performance of a wide range of therapies. They are currently focused on the development of two product candidates for which they hold worldwide commercial rights: LIQ861 for the treatment of pulmonary arterial hypertension, or PAH, and LIQ865 for the treatment of local post-operative pain. Their lead product candidate, LIQ861, is being evaluated in a Phase\u00a03 trial. LIQ861 is a dry powder formulation of treprostinil designed to improve the therapeutic profile of treprostinil by enhancing deep-lung delivery and achieving higher dose levels than current inhaled therapies. They have applied their PRINT technology to enable them to deliver LIQ861 through a convenient, disposable dry powder inhaler, or DPI. They have also applied their PRINT technology to their second product candidate, LIQ865, for which they have recently completed a Phase\u00a01b clinical trial. LIQ865 is designed to deliver sustained-release particles of bupivacaine, a non-opioid anesthetic, to treat local post-operative pain for three to five days through a single administration. In addition to developing their two product candidates, they collaborate, and intend to collaborate, with leading pharmaceutical companies to develop their own product candidates across a wide range of therapeutic areas, molecule types and routes of administration, leveraging their PRINT technology.<\/p>\n

\"LQDA.drugs\"<\/a><\/p>\n

Insider Buying:\u00a0<\/strong>Certain existing investors have indicated an interest in purchasing an aggregate of up to $30.0 million of shares of their common stock in this offering at the initial public offering price.<\/p>\n

Licensing Agreement:\u00a0<\/strong>They are party to a licensing agreement with GSK (Glaxosmith Kline) pursuant to which GSK has exercised an option to exclusively license our PRINT technology for applications in certain inhaled therapies, or the GSK ICO Agreement. We previously entered into a separate licensing agreement with GSK relating to the field of vaccines, or the GSK VCO Agreement, which lapsed in April 2016. They\u00a0have historically received a significant portion of their\u00a0revenue from GSK pursuant to these licensing agreements. For the years ended December\u00a031, 2016 and 2017, their\u00a0revenue attributable to their collaboration and licensing arrangements with GSK, which included a combination of billings for particle formulations, manufacturing, milestone payments and amortization of deferred revenue from up-front fees, accounted for 90% and 84%, respectively, of our total revenue. For the three months ended March\u00a031, 2017 and 2018, their\u00a0revenue attributable to\u00a0their\u00a0collaboration and licensing arrangements with GSK accounted for 92% and 47%, respectively, of\u00a0their\u00a0total revenue.<\/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: Liquidia Technologies, Inc. Symbol: LQDA Description: They are a late-stage clinical biopharmaceutical company focused on the development and commercialization of human therapeutics using our proprietary PRINT technology to transform the lives of patients. Trade Date: 7\/26 Shares: 4.54 million Price Range: $10.00-$12.00 Underwriter(s): Jefferies, Cowen Co-Manager(s): Needham & Co., Wedbush PacGrow Terms Added: 7-13-18[…]<\/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":[],"class_list":["post-4570","post","type-post","status-publish","format-standard","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4570","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=4570"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4570\/revisions"}],"predecessor-version":[{"id":4574,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4570\/revisions\/4574"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}