View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCinCor Pharma 将来の成長Future 基準チェック /06主要情報48.0%収益成長率44.71%EPS成長率Pharmaceuticals 収益成長14.5%収益成長率62.9%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日n/a今後の成長に関する最新情報Price Target Changed • Feb 25Price target increased by 9.3% to US$41.00Up from US$37.50, the current price target is an average from 4 analysts. New target price is 41% above last closing price of US$29.06. Stock is up 2.0% over the past year. The company is forecast to post a net loss per share of US$2.12 next year compared to a net loss per share of US$32.52 last year.すべての更新を表示Recent updatesPrice Target Changed • Feb 25Price target increased by 9.3% to US$41.00Up from US$37.50, the current price target is an average from 4 analysts. New target price is 41% above last closing price of US$29.06. Stock is up 2.0% over the past year. The company is forecast to post a net loss per share of US$2.12 next year compared to a net loss per share of US$32.52 last year.お知らせ • Jan 10Astrazeneca Finance And Holdings Inc. entered into an Agreement and Plan of Merger to acquire CinCor Pharma, Inc. (NasdaqGM:CINC) from a group of shareholders for $1.1 billion.Astrazeneca Finance And Holdings Inc. entered into an Agreement and Plan of Merger to acquire CinCor Pharma, Inc. (NasdaqGM:CINC) from a group of shareholders for $1.1 billion on January 8, 2023. Under the terms of the merger agreement, AstraZeneca is obligated to initiate a tender offer by January 23, 2023 to acquire all of CinCor’s outstanding shares for a price of $26.00 per share in cash at closing plus a non-tradable contingent value right of $10.00 per share in cash payable upon a specified regulatory submission of a baxdrostat product. In case of termination under certain circumstances, CinCor will be required to pay a termination fee of an amount in cash equal to c37,770,000. The closing of the tender offer is subject to certain conditions, including the tender of shares of CinCor common stock representing at least a majority of the total number of CinCor’s outstanding shares, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions. CinCor’s Board of Directors has unanimously approved the transaction. The board of directors of Astrazeneca have approved this Agreement. CinCor stockholders holding approximately 44.8% of CinCor common stock have entered into a tender and support agreement with AstraZeneca, pursuant to which such stockholders have agreed, among other things, to tender 100% of their shares of CinCor common stock in the tender offer, subject to the terms and conditions of such agreement. Supporting shareholders are Sofinnova Venture Partners X, L.P., Sofinnova Capital IX, 5AM Ventures VI, L.P., 5AM Opportunities I, L.P., 5AM Opportunities II, L.P. and General Atlantic (CIN), L.P. The acquisition is expected to close in the first quarter of 2023. Centerview Partners LLC is acting as exclusive financial advisor and Rama Padmanabhan, Rowook Park and Div Gupta of Cooley LLP acting as legal advisors to CinCor. Centerview Partners LLC acted as fairness opinion provider to the board of CinCor. Michael Riella of Covington & Burling LLP acted as legal advisor to AstraZeneca Finance and Holdings Inc. Graham Robinson and Laura P. Knoll of Skadden represented Centerview Partners LLC as financial advisor to CinCor Pharma, Inc.お知らせ • Nov 29CinCor Pharma, Inc Announces Topline Data for Phase 2 HALO Trial Evaluating Selective Aldosterone Synthase Inhibitor Baxdrostat in Uncontrolled HypertensionCinCor Pharma, Inc. announced the topline results and completion of its Phase 2 HALO trial evaluating the efficacy and safety of baxdrostat in patients with uncontrolled hypertension taking up to two blood pressure medications at the maximally tolerated doses. Baxdrostat is a once daily potentially first-in-class, highly selective aldosterone synthase inhibitor. While HALO did not achieve statistical significance on its primary endpoint evaluating change from baseline in mean seated systolic blood pressure (SBP) in the intention to treat (ITT) population (n = 249), a pre-specified subgroup analysis of non-Hispanic patients (47%, 116/249) representing approximately 81-89% of the hypertension population in the United States, demonstrated a placebo-adjusted reduction in SBP of 12.6 mmHg (nominal p-value = 0.001) at the 2 mg dose. The safety profile and tolerability of baxdrostat was consistent with previously reported Phase 2 BrigHtn data in resistant hypertension. HALO did not achieve its primary endpoint of statistically significant change from baseline in mean seated SBP versus placebo in the ITT population; however, statistically significant reduction in SBP in the prespecified non-Hispanic subgroup analysis was demonstrated Hispanic or Latino patients represented 53% (133/249) of the ITT population of the study The non-Hispanic population of HALO represented 46% (116/249) of the ITT population in the study but represents approximately 81-89% of the hypertensive population of the U.S. The HALO trial was a Phase 2 randomized, double-blind, placebo-controlled, multicenter, parallel-group, clinical trial designed to assess the safety and efficacy of baxdrostat in subjects taking up to two antihypertensive agents at their maximally tolerated dosages. The trial evaluated three active doses of baxdrostat (0.5 mg, 1.0 mg, and 2.0 mg) compared to placebo control in 249 patients randomized across all four dosing cohorts, with 249 patients completing. The primary endpoint of the trial was the change in SBP after eight weeks of treatment. Background antihypertensive therapy was to be discontinued after these eight weeks, and patients only took baxdrostat at the 2.0 mg dose for four additional weeks in Part 2 of the trial to characterize monotherapy responses and to enable long-term safety assessments of the drug in the ongoing 52-week open label extension study that follows the HALO trial, which is expected to be completed in the second half of 2023.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director June Lee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 08+ 2 more updatesCinCor Pharma Announces Late-Breaking Presentation of Phase 2 BrigHtn Data on Baxdrostat in Treatment-Resistant Hypertension at the 2022 American Heart Association Scientific SessionsCinCor Pharma, Inc. announced the presentation of Phase 2 data from its BrigHtn trial as part of the late-breaking science session at the 2022 American Heart Association (AHA) Scientific Sessions. Baxdrostat is a highly selective, once daily oral small molecule inhibitor of aldosterone synthase. Aldosterone and renin activity reinforce the biological mechanism of baxdrostat: Dose-dependent reduction in both plasma and urine aldosterone support inhibition of aldosterone synthase and the mechanism of action of baxdrostat. Urine aldosterone levels 24-hours post-treatment quantitatively measure total body aldosterone production with less variation than plasma to provide direct evidence of baxdrostat’s aldosterone lowering capabilities Dose-dependent changes in renin activity support physiological salt response, No meaningful impact on cortisol confirms baxdrostat is highly selective for aldosterone synthase, Clinically meaningful and dose-dependent reduction in blood pressure with baxdrostat. BrigHtn successfully met its primary endpoint, demonstrating a statistically significant change from baseline in mean seated systolic blood pressure (SBP) versus placebo: Dose-dependent reductions in SBP of -20.3 mmHg (2-mg), -17.5 mmHg (1-mg), and -12.1 mmHg (0.5-mg), Statistically significant placebo-adjusted decreases of -11.0 (2-mg, P = 0.0001) and -8.1 (1-mg, P = 0.003), Secondary endpoint results included baxdrostat significantly lowering diastolic blood pressure (DBP) by 5.2 mmHg in the 2mg dose arm, and approximately 46% of patients in the 2 mg dose arm achieving blood pressure control (SBP less than 130mmHg), Patient demographics and baseline characteristics were diverse and well-balanced across treatment arms. Clinical safety and tolerability of baxdrostat support a well-tolerated profile: No drug related serious adverse events (SAEs) observed or major safety concerns were reported across all three dose cohorts tested after 12 weeks of treatment, Transient and manageable adverse events of special interest included hypotension, hyponatremia, or elevated potassium levels, Low discontinuation rate of less than 1% (2 patients) due to transient treatment-related adverse events; all patients completed the study on drug, Well-tolerated profile and differentiated mechanism of action supports combination approaches. The BrigHtn trial was a Phase 2 randomized, double-blind, placebo-controlled dose-ranging clinical trial designed to assess the safety and efficacy of baxdrostat in subjects who have not achieved their target blood pressure despite receiving three or more antihypertensive agents at their maximally tolerated doses, one of which must be a diuretic. The trial evaluated three active doses of baxdrostat (0.5 mg, 1.0 mg, and 2.0 mg) compared to placebo control in 275 patients randomized across all four dosing cohorts, with 248 patients completing. The primary endpoint of BrigHtn was the change in mean seated SBP from randomization to trial end after 12 weeks of treatment.分析記事 • Nov 06Here's Why We're Not Too Worried About CinCor Pharma's (NASDAQ:CINC) Cash Burn SituationWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...お知らせ • Sep 29CinCor Pharma Announces Late-Breaking Presentation of Phase 2 BrigHtn Data for Baxdrostat in Treatment-Resistant Hypertension at the Upcoming 2022 American Heart Association Scientific SessionsCinCor Pharma, Inc. announced that the company will present Phase 2 data from its BrigHtn trial evaluating baxdrostat in patients with treatment-resistant hypertension as part of the late-breaking science session at the upcoming 2022 American Heart Association (AHA) Scientific Sessions taking place November 5-7, 2022, virtually and in Chicago, Illinois. Baxdrostat is a highly selective, once daily, oral small molecule inhibitor of aldosterone synthase. The presentation will include clinical data from CinCor’s BrigHtn trial, a Phase 2 randomized, double-blind, multicenter, placebo-controlled dose-ranging study designed to assess the safety and efficacy of baxdrostat in subjects who have not achieved their target blood pressure despite receiving three or more antihypertensive agents at their maximally tolerated doses, one of which must be a diuretic.Seeking Alpha • Aug 11CinCor Pharma prices upsized stock and pre-funded warrants offeringCinCor Pharma (NASDAQ:CINC) priced its underwritten public offering which was upsized to 7.5M shares and pre-funded warrants from the original offering size of 6M shares and pre-funded warrants. The offering consists of 4.9M shares , pre-funded warrants to purchase 2.6M shares at an exercise price of $0.00001; public offering price of each share of common stock is $30 and public offering price of each pre-funded warrant is $29.9/underlying share. Underwriters granted 30-day option to purchase up to an additional 1.13M shares. Gross proceeds are expected to be ~$225M. Offer is expected to close on or about Aug.15, 2022.Recent Insider Transactions Derivative • Aug 09Independent Chairman of the Board exercised options to buy US$969k worth of stock.On the 5th of August, James Healy exercised options to buy 29k shares at a strike price of around US$13.60, costing a total of US$400k. Since December 2021, James has not owned shares directly. Company insiders have collectively bought US$679k more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • Aug 09CinCor Pharma, Inc. Announces Positive Topline Data for Phase 2 BrigHtn Trial Evaluating Baxdrostat, its Selective Aldosterone Synthase Inhibitor, in Treatment-Resistant HypertensionCinCor Pharma, Inc. announced the topline results and successful completion of its Phase 2 BrigHtn trial evaluating the efficacy and safety of baxdrostat, a once daily potentially first-in-class, highly selective aldosterone synthase inhibitor in patients with treatment-resistant hypertension, defined as patients taking at least three blood pressure medications at their maximally tolerated doses, one of which must be a diuretic. Results showed baxdrostat met its primary endpoint and achieved statistically significant placebo-adjusted reduction in systolic blood pressure, including 11 mmHg (p-value < 0.0001) at a dose of 2 mg. Key clinical data from BrigHtn suggests impressive efficacy and meaningful dose dependency in the treatment of patients with resistant hypertension: BrigHtn successfully met its primary endpoint, demonstrating a statistically significant change from baseline in mean seated SBP versus placebo for the 2 mg and 1 mg doses: 20.3 mmHg SBP reduction at the 2 mg dose, or 11.0 mmHg placebo-adjusted decline (p < 0.0001); 17.5 mmHg SBP reduction at the 1 mg dose, or 8.1 mmHg placebo-adjusted decline (p = 0.0030); 12.1 mmHg SBP reduction at the 0.5 mg dose, or 2.7 mmHg placebo-adjusted decline (p = 0.3110). Secondary endpoint results included baxdrostat significantly lowering diastolic blood pressure (DBP) by 5.2 mmHg in the 2mg dose, and approximately 46% of patients in the 2 mg dose arm achieving blood pressure control (SBP less than 130mmHg); The BrigHtn trial completed enrollment with 275 patients after an Independent Data Review Committee determined that the trial had met pre-specified statistical criteria of overwhelming efficacy at the higher dose in this dose-ranging trial. Key clinical safety and tolerability findings of baxdrostat support a safe and well-tolerated profile: No drug related serious adverse events (SAEs) observed or major safety concerns were reported across all three dose cohorts tested after 12 weeks of treatment; Treatment-Emergent SAEs (TESAEs) were reported in 10 patients and deemed by investigators to be unrelated to baxdrostat. These TESAEs included hyponatremia, hyperkalemia, cellulitis, urinary tract infection, dehydration, hyperglycemia, arthralgia, dizziness, syncope, acute kidney injury, nephrolithiasis, acute respiratory failure, and respiratory failure, with one patient in the 2mg dose cohort experiencing six of these SAEs; One subject experienced an isolated instance of elevated potassium above 6mEq/L, which was deemed drug related, although upon retesting, the potassium level for this patient dropped sufficiently to allow resumption of baxdrostat, and the patient completed the trial with normal potassium levels. Overall, observed hyperkalemia rates in the trial were low, and resulted in no clinical safety concerns; Low discontinuation rate of less than 1% (2 patients) due to treatment-related adverse events, which included hyperkalemia and hypotension.お知らせ • Jul 27CinCor Pharma, Inc. Announces Last Patient Randomized in Phase 2 HALO Trial and Initiation of Long-Term Extension Study for BaxdrostatCinCor Pharma, Inc. announced that the last patient has been randomized in the Phase 2 HALO trial of baxdrostat (CIN-107), a highly selective aldosterone synthase inhibitor, in patients with uncontrolled hypertension. CinCor also announced initiation of an open-label extension study of patients enrolled in HALO with uncontrolled hypertension to evaluate the long-term safety of baxdrostat for up to 52-weeks. The HALO trial is an ongoing Phase 2 randomized, double-blind, placebo-controlled, multicenter, parallel-group, clinical trial designed to assess the safety and efficacy of baxdrostat in subjects taking up to two antihypertensive agents at their maximally tolerated dosages. The HALO trial completed enrollment with 249 patients randomized. The primary endpoint of the trial is the change in systolic blood pressure (SBP) after eight weeks of treatment. Background antihypertensive therapy will be discontinued after eight weeks and patients will only take baxdrostat for four additional weeks to characterize monotherapy responses and to enable long-term safety assessments of the drug in the open label extension study that follows the HALO trial. Topline data from the HALO trial is expected in the second half of 2022, and the open-label extension trial is expected to be completed in the second half of 2023.Seeking Alpha • Jul 26CinCor Pharma says last patient randomized in phase 2 trial for baxdrostat to treat hypertensionCinCor Pharma (NASDAQ:CINC) said the last patient had been randomized in the Phase 2 trial of baxdrostat to treat patients with uncontrolled hypertension. The company also said it had an open-label extension study of patients enrolled in the Phase 2 trial, dubbed Halo, with uncontrolled hypertension to evaluate the long-term safety of baxdrostat for up to 52-weeks. The company's drug Baxdrostat is designed to selectively reduce aldosterone production, potentially offering a new mechanism that directly targets a key underlying cause of hypertension. The company expects to report initial topline data for HALO in the second half of 2022. The trial will evaluate safety and efficacy of baxdrostat in subjects taking up to two antihypertensive agents at their maximally tolerated dosages.分析記事 • Jul 23We Think CinCor Pharma (NASDAQ:CINC) Can Afford To Drive Business GrowthThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...お知らせ • Jun 26+ 1 more updateCinCor Pharma, Inc.(NasdaqGM:CINC) dropped from Russell 2000 Growth IndexCinCor Pharma, Inc.(NasdaqGM:CINC) dropped from Russell 2000 Growth Indexお知らせ • Jun 02CinCor Pharma, Inc Doses First Patient in Phase 2 FigHTN-CKD Trial Evaluating the Selective Aldosterone Synthase Inhibitor Baxdrostat (CIN-107) in Patients with Uncontrolled Hypertension and Chronic Kidney DiseaseCinCor Pharma, Inc. announced that the first patient has been dosed in the Phase 2 figHTN-CKD trial evaluating baxdrostat (CIN-107), a highly selective aldosterone synthase inhibitor, in patients with uncontrolled hypertension and chronic kidney disease (CKD). The figHTN-CKD trial is a randomized, double-blind, placebo-controlled, multicenter, parallel-group, Phase 2 clinical trial designed to assess the safety and efficacy of baxdrostat (CIN-107) in patients with uncontrolled hypertension and CKD. The trial is designed to enroll 300 patients with a glomerular filtration rate (GFR) of 25-75 ml/min and systolic blood pressure (SBP) greater than 140 mm Hg, or greater than 130 mm Hg if the patient is diabetic. The primary endpoint is the change in SBP after 26 weeks of treatment compared to placebo. Biomarkers of kidney function will also be measured to assess whether aldosterone inhibition by baxdrostat can benefit kidney function beyond the anticipated impact resulting from improved blood pressure control. Initial data for figHTN-CKD is anticipated in the second half of 2023. CKD is a condition characterized by gradual loss of renal function over time that is measured by GFR, or how much blood the kidneys filter each minute. CKD afflicts at least 15% of the U.S. adult population, or approximately 37 million people. Hypertension, diabetes and glomerulonephritis, or inflammation of the tiny filters in the kidneys, are considered leading factors contributing to the development and progression of CKD. While currently there is no cure for CKD, new therapies that can significantly reduce the progression of renal disease and delay the onset of renal failure will be critical to improving the care of CKD patients.Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director David Allison is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.分析記事 • Apr 08We're Hopeful That CinCor Pharma (NASDAQ:CINC) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...Seeking Alpha • Apr 07CinCor: 2022 Data Catalysts Will Derisk The StockCINC's single asset is CIN-107 targeting hypertension. The company is well-funded after a solid IPO. A number of data catalysts will happen in 2022.Recent Insider Transactions • Jan 14CEO & Director recently bought US$200k worth of stockOn the 11th of January, Marc M. de Garidel bought around 13k shares on-market at roughly US$16.00 per share. This was the largest purchase by an insider in the last 3 months. This was Marc M.'s only on-market trade for the last 12 months.お知らせ • Jan 08CinCor Pharma, Inc. has completed an IPO in the amount of $193.6 million.CinCor Pharma, Inc. has completed an IPO in the amount of $193.6 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 12,100,000 Price\Range: $16 Discount Per Security: $1.12 Transaction Features: Reserved Share Offering; Sponsor Backed OfferingBoard Change • Jan 07High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director David Allison is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.業績と収益の成長予測NasdaqGM:CINC - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2025N/A-174N/AN/A212/31/2024N/A-143N/AN/A212/31/2023N/A-111N/AN/A312/31/2022N/A-83N/AN/A39/30/2022N/A-88-64-64N/A6/30/2022N/A-76-55-55N/A3/31/2022N/A-61-43-43N/A12/31/2021N/A-50-31-31N/A9/30/2021N/A-27-24-24N/A12/31/2020N/A-22-17-17N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CINC今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: CINC今後 3 年間、利益が出ない状態が続くと予測されています。高成長収益: CINC今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: CINC来年は収益がないと予測されています。高い収益成長: CINC来年は収益がないと予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CINCの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YPharmaceuticals-biotech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2023/02/25 02:22終値2023/02/23 00:00収益2022/09/30年間収益2021/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CinCor Pharma, Inc. 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関Michael DiFioreEvercore ISIMadhu KumarGoldman SachsYuchen DingJefferies LLC3 その他のアナリストを表示
Price Target Changed • Feb 25Price target increased by 9.3% to US$41.00Up from US$37.50, the current price target is an average from 4 analysts. New target price is 41% above last closing price of US$29.06. Stock is up 2.0% over the past year. The company is forecast to post a net loss per share of US$2.12 next year compared to a net loss per share of US$32.52 last year.
Price Target Changed • Feb 25Price target increased by 9.3% to US$41.00Up from US$37.50, the current price target is an average from 4 analysts. New target price is 41% above last closing price of US$29.06. Stock is up 2.0% over the past year. The company is forecast to post a net loss per share of US$2.12 next year compared to a net loss per share of US$32.52 last year.
お知らせ • Jan 10Astrazeneca Finance And Holdings Inc. entered into an Agreement and Plan of Merger to acquire CinCor Pharma, Inc. (NasdaqGM:CINC) from a group of shareholders for $1.1 billion.Astrazeneca Finance And Holdings Inc. entered into an Agreement and Plan of Merger to acquire CinCor Pharma, Inc. (NasdaqGM:CINC) from a group of shareholders for $1.1 billion on January 8, 2023. Under the terms of the merger agreement, AstraZeneca is obligated to initiate a tender offer by January 23, 2023 to acquire all of CinCor’s outstanding shares for a price of $26.00 per share in cash at closing plus a non-tradable contingent value right of $10.00 per share in cash payable upon a specified regulatory submission of a baxdrostat product. In case of termination under certain circumstances, CinCor will be required to pay a termination fee of an amount in cash equal to c37,770,000. The closing of the tender offer is subject to certain conditions, including the tender of shares of CinCor common stock representing at least a majority of the total number of CinCor’s outstanding shares, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions. CinCor’s Board of Directors has unanimously approved the transaction. The board of directors of Astrazeneca have approved this Agreement. CinCor stockholders holding approximately 44.8% of CinCor common stock have entered into a tender and support agreement with AstraZeneca, pursuant to which such stockholders have agreed, among other things, to tender 100% of their shares of CinCor common stock in the tender offer, subject to the terms and conditions of such agreement. Supporting shareholders are Sofinnova Venture Partners X, L.P., Sofinnova Capital IX, 5AM Ventures VI, L.P., 5AM Opportunities I, L.P., 5AM Opportunities II, L.P. and General Atlantic (CIN), L.P. The acquisition is expected to close in the first quarter of 2023. Centerview Partners LLC is acting as exclusive financial advisor and Rama Padmanabhan, Rowook Park and Div Gupta of Cooley LLP acting as legal advisors to CinCor. Centerview Partners LLC acted as fairness opinion provider to the board of CinCor. Michael Riella of Covington & Burling LLP acted as legal advisor to AstraZeneca Finance and Holdings Inc. Graham Robinson and Laura P. Knoll of Skadden represented Centerview Partners LLC as financial advisor to CinCor Pharma, Inc.
お知らせ • Nov 29CinCor Pharma, Inc Announces Topline Data for Phase 2 HALO Trial Evaluating Selective Aldosterone Synthase Inhibitor Baxdrostat in Uncontrolled HypertensionCinCor Pharma, Inc. announced the topline results and completion of its Phase 2 HALO trial evaluating the efficacy and safety of baxdrostat in patients with uncontrolled hypertension taking up to two blood pressure medications at the maximally tolerated doses. Baxdrostat is a once daily potentially first-in-class, highly selective aldosterone synthase inhibitor. While HALO did not achieve statistical significance on its primary endpoint evaluating change from baseline in mean seated systolic blood pressure (SBP) in the intention to treat (ITT) population (n = 249), a pre-specified subgroup analysis of non-Hispanic patients (47%, 116/249) representing approximately 81-89% of the hypertension population in the United States, demonstrated a placebo-adjusted reduction in SBP of 12.6 mmHg (nominal p-value = 0.001) at the 2 mg dose. The safety profile and tolerability of baxdrostat was consistent with previously reported Phase 2 BrigHtn data in resistant hypertension. HALO did not achieve its primary endpoint of statistically significant change from baseline in mean seated SBP versus placebo in the ITT population; however, statistically significant reduction in SBP in the prespecified non-Hispanic subgroup analysis was demonstrated Hispanic or Latino patients represented 53% (133/249) of the ITT population of the study The non-Hispanic population of HALO represented 46% (116/249) of the ITT population in the study but represents approximately 81-89% of the hypertensive population of the U.S. The HALO trial was a Phase 2 randomized, double-blind, placebo-controlled, multicenter, parallel-group, clinical trial designed to assess the safety and efficacy of baxdrostat in subjects taking up to two antihypertensive agents at their maximally tolerated dosages. The trial evaluated three active doses of baxdrostat (0.5 mg, 1.0 mg, and 2.0 mg) compared to placebo control in 249 patients randomized across all four dosing cohorts, with 249 patients completing. The primary endpoint of the trial was the change in SBP after eight weeks of treatment. Background antihypertensive therapy was to be discontinued after these eight weeks, and patients only took baxdrostat at the 2.0 mg dose for four additional weeks in Part 2 of the trial to characterize monotherapy responses and to enable long-term safety assessments of the drug in the ongoing 52-week open label extension study that follows the HALO trial, which is expected to be completed in the second half of 2023.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director June Lee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 08+ 2 more updatesCinCor Pharma Announces Late-Breaking Presentation of Phase 2 BrigHtn Data on Baxdrostat in Treatment-Resistant Hypertension at the 2022 American Heart Association Scientific SessionsCinCor Pharma, Inc. announced the presentation of Phase 2 data from its BrigHtn trial as part of the late-breaking science session at the 2022 American Heart Association (AHA) Scientific Sessions. Baxdrostat is a highly selective, once daily oral small molecule inhibitor of aldosterone synthase. Aldosterone and renin activity reinforce the biological mechanism of baxdrostat: Dose-dependent reduction in both plasma and urine aldosterone support inhibition of aldosterone synthase and the mechanism of action of baxdrostat. Urine aldosterone levels 24-hours post-treatment quantitatively measure total body aldosterone production with less variation than plasma to provide direct evidence of baxdrostat’s aldosterone lowering capabilities Dose-dependent changes in renin activity support physiological salt response, No meaningful impact on cortisol confirms baxdrostat is highly selective for aldosterone synthase, Clinically meaningful and dose-dependent reduction in blood pressure with baxdrostat. BrigHtn successfully met its primary endpoint, demonstrating a statistically significant change from baseline in mean seated systolic blood pressure (SBP) versus placebo: Dose-dependent reductions in SBP of -20.3 mmHg (2-mg), -17.5 mmHg (1-mg), and -12.1 mmHg (0.5-mg), Statistically significant placebo-adjusted decreases of -11.0 (2-mg, P = 0.0001) and -8.1 (1-mg, P = 0.003), Secondary endpoint results included baxdrostat significantly lowering diastolic blood pressure (DBP) by 5.2 mmHg in the 2mg dose arm, and approximately 46% of patients in the 2 mg dose arm achieving blood pressure control (SBP less than 130mmHg), Patient demographics and baseline characteristics were diverse and well-balanced across treatment arms. Clinical safety and tolerability of baxdrostat support a well-tolerated profile: No drug related serious adverse events (SAEs) observed or major safety concerns were reported across all three dose cohorts tested after 12 weeks of treatment, Transient and manageable adverse events of special interest included hypotension, hyponatremia, or elevated potassium levels, Low discontinuation rate of less than 1% (2 patients) due to transient treatment-related adverse events; all patients completed the study on drug, Well-tolerated profile and differentiated mechanism of action supports combination approaches. The BrigHtn trial was a Phase 2 randomized, double-blind, placebo-controlled dose-ranging clinical trial designed to assess the safety and efficacy of baxdrostat in subjects who have not achieved their target blood pressure despite receiving three or more antihypertensive agents at their maximally tolerated doses, one of which must be a diuretic. The trial evaluated three active doses of baxdrostat (0.5 mg, 1.0 mg, and 2.0 mg) compared to placebo control in 275 patients randomized across all four dosing cohorts, with 248 patients completing. The primary endpoint of BrigHtn was the change in mean seated SBP from randomization to trial end after 12 weeks of treatment.
分析記事 • Nov 06Here's Why We're Not Too Worried About CinCor Pharma's (NASDAQ:CINC) Cash Burn SituationWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
お知らせ • Sep 29CinCor Pharma Announces Late-Breaking Presentation of Phase 2 BrigHtn Data for Baxdrostat in Treatment-Resistant Hypertension at the Upcoming 2022 American Heart Association Scientific SessionsCinCor Pharma, Inc. announced that the company will present Phase 2 data from its BrigHtn trial evaluating baxdrostat in patients with treatment-resistant hypertension as part of the late-breaking science session at the upcoming 2022 American Heart Association (AHA) Scientific Sessions taking place November 5-7, 2022, virtually and in Chicago, Illinois. Baxdrostat is a highly selective, once daily, oral small molecule inhibitor of aldosterone synthase. The presentation will include clinical data from CinCor’s BrigHtn trial, a Phase 2 randomized, double-blind, multicenter, placebo-controlled dose-ranging study designed to assess the safety and efficacy of baxdrostat in subjects who have not achieved their target blood pressure despite receiving three or more antihypertensive agents at their maximally tolerated doses, one of which must be a diuretic.
Seeking Alpha • Aug 11CinCor Pharma prices upsized stock and pre-funded warrants offeringCinCor Pharma (NASDAQ:CINC) priced its underwritten public offering which was upsized to 7.5M shares and pre-funded warrants from the original offering size of 6M shares and pre-funded warrants. The offering consists of 4.9M shares , pre-funded warrants to purchase 2.6M shares at an exercise price of $0.00001; public offering price of each share of common stock is $30 and public offering price of each pre-funded warrant is $29.9/underlying share. Underwriters granted 30-day option to purchase up to an additional 1.13M shares. Gross proceeds are expected to be ~$225M. Offer is expected to close on or about Aug.15, 2022.
Recent Insider Transactions Derivative • Aug 09Independent Chairman of the Board exercised options to buy US$969k worth of stock.On the 5th of August, James Healy exercised options to buy 29k shares at a strike price of around US$13.60, costing a total of US$400k. Since December 2021, James has not owned shares directly. Company insiders have collectively bought US$679k more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • Aug 09CinCor Pharma, Inc. Announces Positive Topline Data for Phase 2 BrigHtn Trial Evaluating Baxdrostat, its Selective Aldosterone Synthase Inhibitor, in Treatment-Resistant HypertensionCinCor Pharma, Inc. announced the topline results and successful completion of its Phase 2 BrigHtn trial evaluating the efficacy and safety of baxdrostat, a once daily potentially first-in-class, highly selective aldosterone synthase inhibitor in patients with treatment-resistant hypertension, defined as patients taking at least three blood pressure medications at their maximally tolerated doses, one of which must be a diuretic. Results showed baxdrostat met its primary endpoint and achieved statistically significant placebo-adjusted reduction in systolic blood pressure, including 11 mmHg (p-value < 0.0001) at a dose of 2 mg. Key clinical data from BrigHtn suggests impressive efficacy and meaningful dose dependency in the treatment of patients with resistant hypertension: BrigHtn successfully met its primary endpoint, demonstrating a statistically significant change from baseline in mean seated SBP versus placebo for the 2 mg and 1 mg doses: 20.3 mmHg SBP reduction at the 2 mg dose, or 11.0 mmHg placebo-adjusted decline (p < 0.0001); 17.5 mmHg SBP reduction at the 1 mg dose, or 8.1 mmHg placebo-adjusted decline (p = 0.0030); 12.1 mmHg SBP reduction at the 0.5 mg dose, or 2.7 mmHg placebo-adjusted decline (p = 0.3110). Secondary endpoint results included baxdrostat significantly lowering diastolic blood pressure (DBP) by 5.2 mmHg in the 2mg dose, and approximately 46% of patients in the 2 mg dose arm achieving blood pressure control (SBP less than 130mmHg); The BrigHtn trial completed enrollment with 275 patients after an Independent Data Review Committee determined that the trial had met pre-specified statistical criteria of overwhelming efficacy at the higher dose in this dose-ranging trial. Key clinical safety and tolerability findings of baxdrostat support a safe and well-tolerated profile: No drug related serious adverse events (SAEs) observed or major safety concerns were reported across all three dose cohorts tested after 12 weeks of treatment; Treatment-Emergent SAEs (TESAEs) were reported in 10 patients and deemed by investigators to be unrelated to baxdrostat. These TESAEs included hyponatremia, hyperkalemia, cellulitis, urinary tract infection, dehydration, hyperglycemia, arthralgia, dizziness, syncope, acute kidney injury, nephrolithiasis, acute respiratory failure, and respiratory failure, with one patient in the 2mg dose cohort experiencing six of these SAEs; One subject experienced an isolated instance of elevated potassium above 6mEq/L, which was deemed drug related, although upon retesting, the potassium level for this patient dropped sufficiently to allow resumption of baxdrostat, and the patient completed the trial with normal potassium levels. Overall, observed hyperkalemia rates in the trial were low, and resulted in no clinical safety concerns; Low discontinuation rate of less than 1% (2 patients) due to treatment-related adverse events, which included hyperkalemia and hypotension.
お知らせ • Jul 27CinCor Pharma, Inc. Announces Last Patient Randomized in Phase 2 HALO Trial and Initiation of Long-Term Extension Study for BaxdrostatCinCor Pharma, Inc. announced that the last patient has been randomized in the Phase 2 HALO trial of baxdrostat (CIN-107), a highly selective aldosterone synthase inhibitor, in patients with uncontrolled hypertension. CinCor also announced initiation of an open-label extension study of patients enrolled in HALO with uncontrolled hypertension to evaluate the long-term safety of baxdrostat for up to 52-weeks. The HALO trial is an ongoing Phase 2 randomized, double-blind, placebo-controlled, multicenter, parallel-group, clinical trial designed to assess the safety and efficacy of baxdrostat in subjects taking up to two antihypertensive agents at their maximally tolerated dosages. The HALO trial completed enrollment with 249 patients randomized. The primary endpoint of the trial is the change in systolic blood pressure (SBP) after eight weeks of treatment. Background antihypertensive therapy will be discontinued after eight weeks and patients will only take baxdrostat for four additional weeks to characterize monotherapy responses and to enable long-term safety assessments of the drug in the open label extension study that follows the HALO trial. Topline data from the HALO trial is expected in the second half of 2022, and the open-label extension trial is expected to be completed in the second half of 2023.
Seeking Alpha • Jul 26CinCor Pharma says last patient randomized in phase 2 trial for baxdrostat to treat hypertensionCinCor Pharma (NASDAQ:CINC) said the last patient had been randomized in the Phase 2 trial of baxdrostat to treat patients with uncontrolled hypertension. The company also said it had an open-label extension study of patients enrolled in the Phase 2 trial, dubbed Halo, with uncontrolled hypertension to evaluate the long-term safety of baxdrostat for up to 52-weeks. The company's drug Baxdrostat is designed to selectively reduce aldosterone production, potentially offering a new mechanism that directly targets a key underlying cause of hypertension. The company expects to report initial topline data for HALO in the second half of 2022. The trial will evaluate safety and efficacy of baxdrostat in subjects taking up to two antihypertensive agents at their maximally tolerated dosages.
分析記事 • Jul 23We Think CinCor Pharma (NASDAQ:CINC) Can Afford To Drive Business GrowthThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
お知らせ • Jun 26+ 1 more updateCinCor Pharma, Inc.(NasdaqGM:CINC) dropped from Russell 2000 Growth IndexCinCor Pharma, Inc.(NasdaqGM:CINC) dropped from Russell 2000 Growth Index
お知らせ • Jun 02CinCor Pharma, Inc Doses First Patient in Phase 2 FigHTN-CKD Trial Evaluating the Selective Aldosterone Synthase Inhibitor Baxdrostat (CIN-107) in Patients with Uncontrolled Hypertension and Chronic Kidney DiseaseCinCor Pharma, Inc. announced that the first patient has been dosed in the Phase 2 figHTN-CKD trial evaluating baxdrostat (CIN-107), a highly selective aldosterone synthase inhibitor, in patients with uncontrolled hypertension and chronic kidney disease (CKD). The figHTN-CKD trial is a randomized, double-blind, placebo-controlled, multicenter, parallel-group, Phase 2 clinical trial designed to assess the safety and efficacy of baxdrostat (CIN-107) in patients with uncontrolled hypertension and CKD. The trial is designed to enroll 300 patients with a glomerular filtration rate (GFR) of 25-75 ml/min and systolic blood pressure (SBP) greater than 140 mm Hg, or greater than 130 mm Hg if the patient is diabetic. The primary endpoint is the change in SBP after 26 weeks of treatment compared to placebo. Biomarkers of kidney function will also be measured to assess whether aldosterone inhibition by baxdrostat can benefit kidney function beyond the anticipated impact resulting from improved blood pressure control. Initial data for figHTN-CKD is anticipated in the second half of 2023. CKD is a condition characterized by gradual loss of renal function over time that is measured by GFR, or how much blood the kidneys filter each minute. CKD afflicts at least 15% of the U.S. adult population, or approximately 37 million people. Hypertension, diabetes and glomerulonephritis, or inflammation of the tiny filters in the kidneys, are considered leading factors contributing to the development and progression of CKD. While currently there is no cure for CKD, new therapies that can significantly reduce the progression of renal disease and delay the onset of renal failure will be critical to improving the care of CKD patients.
Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director David Allison is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
分析記事 • Apr 08We're Hopeful That CinCor Pharma (NASDAQ:CINC) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Seeking Alpha • Apr 07CinCor: 2022 Data Catalysts Will Derisk The StockCINC's single asset is CIN-107 targeting hypertension. The company is well-funded after a solid IPO. A number of data catalysts will happen in 2022.
Recent Insider Transactions • Jan 14CEO & Director recently bought US$200k worth of stockOn the 11th of January, Marc M. de Garidel bought around 13k shares on-market at roughly US$16.00 per share. This was the largest purchase by an insider in the last 3 months. This was Marc M.'s only on-market trade for the last 12 months.
お知らせ • Jan 08CinCor Pharma, Inc. has completed an IPO in the amount of $193.6 million.CinCor Pharma, Inc. has completed an IPO in the amount of $193.6 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 12,100,000 Price\Range: $16 Discount Per Security: $1.12 Transaction Features: Reserved Share Offering; Sponsor Backed Offering
Board Change • Jan 07High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director David Allison is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.