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Actuate Therapeutics
IPOACTU.NASDAQPast

Actuate Therapeutics

Pharmaceuticals

Company website ↗
Foundation year: 2015
Market capitalization
$207M
IPO date
07/08/2024

About

The company is a clinical biotech entity developing GSK-3 inhibitor drugs to treat metastatic pancreatic cancer. Incorporated in Delaware, it focuses on developing therapies for high-impact, difficult-to-treat cancers through the inhibition of glycogen synthase kinase-3 (GSK-3).

Elraglusib (formerly 9-ING-41), a small molecule designed to enter cancer cells and block the function of the enzyme GSK-3β, a master regulator of complex biological signaling cascades including those mediated by oncogenes, is currently under development. This blockade of GSK-3β signaling is believed to result in the death of cancer cells and the regulation of anti-tumor immunity.

The company has exclusively licensed a portfolio of GSK-3 inhibitors developed in collaboration with the University of Illinois-Chicago (UIC) and Northwestern University (NU). The lead drug in this portfolio, elraglusib (9-ING-41), is being evaluated in a randomized Phase 2 trial in patients with metastatic pancreatic cancer, marking the most advanced clinical indication to date.

Headquarters

1751 River Run, Suite 400 Fort Worth, Texas 76107

Financial information

Underwriters

Titan Partners

Prospectus ↗