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Tarsus Pharmaceuticals Seeks $80 Million In U.S. IPO (Pending:TARS)

Tarsus Pharmaceuticals Seeks $80 Million In U.S. IPO (Pending:TARS)

Quick Take

Tarsus Pharmaceuticals (TARS) has filed to raise $80 million in an IPO of its common stock, according to an S-1 registration statement.

The company is developing treatments for Demodex blepharitis and other ophthalmic conditions.

TARS has produced enviable efficacy trial results for its lead candidate and the IPO is reasonably priced, so for life science investors with a hold time frame of 18 to 24 months, the IPO is worth considering.

Company & Technology

Irvine, California-based Tarsus was founded to advance a portfolio of treatment options for various eye conditions caused by mites and other parasites.

Management is headed by co-founder, president and CEO Mr. Bobak Azamian, M.D., Ph.D., who has been with the firm since and was previously co-founder, CEO and CMO of Metavention, a company seeking to treat diabetes and other metabolic diseases.

Below is a brief overview video of Demodex Blepharitis:

Source: Nattawut Wanumkarng

The company’s lead candidate is TP-03, a treatment being developed for three indications related to the Demodex mite.

Management expects to provide top line data results for its Phase 2b/3 Saturn-1 trial in 2021, as well as initiate a Phase 3 Saturn-2 trial in 2021.

Below is the current status of the company’s drug development pipeline:

Source: Company S-1 Filing

Investors in the firm have invested at least $63.4 million and include Horowitz Limited Partnership, Vivo Capital, Flying L Investments, Frazier Life Sciences, Visionary Venture Fund, RTW Investments and Cormorant Asset Management.

Market & Competition

According to a 2018 market research report by Transparency Market Research, the global incidence of patients with increased ocular disorders is increasing due to the rise in the elderly population.

In a recent survey report in the U.S., 37% – 47% of patients ‘were diagnosed with signs of blepharitis.’

Related conditions to blepharitis include acne rosacea,

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Tarsus Pharmaceuticals Proposes Terms For $80 Million IPO

Tarsus Pharmaceuticals Proposes Terms For $80 Million IPO

Tarsus Pharmaceuticals (TARS) intends to raise $80 million in an IPO of its common stock, according to an S-1 registration statement.

Irvine, California-based Tarsus was founded to advance a portfolio of treatment options for various eye conditions caused by mites and other parasites.

Management is headed by co-founder, president and CEO Mr. Bobak Azamian, M.D., Ph.D., who has been with the firm since and was previously co-founder, CEO and CMO of Metavention, a company seeking to treat diabetes and other metabolic diseases.

Below is a brief overview video of Demodex Blepharitis:

Source: Nattawut Wanumkarng

The company’s lead candidate is TP-03, a treatment being developed for three indications related to the Demodex mite.

Management expects to provide top line data results for its Phase 2b/3 Saturn-1 trial in 2021, as well as initiate a Phase 3 Saturn-2 trial in 2021.

Below is the current status of the company’s drug development pipeline:

tarsuspipe

Source: Company S-1 Filing

Investors in the firm have invested at least $63.4 million and include Horowitz Limited Partnership, Vivo Capital, Flying L Investments, Frazier Life Sciences, Visionary Venture Fund, RTW Investments and Cormorant Asset Management.

According to a 2018 market research report by Transparency Market Research, the global incidence of patients with increased ocular disorders is increasing due to the rise in the elderly population.

In a recent survey report in the U.S., 37% – 47% of patients ‘were diagnosed with signs of blepharitis.’

Related conditions to blepharitis include acne rosacea, Lyme disease and malaria, all areas in which the firm is pursuing treatments.

However, drugs with significant side effects or lengthy procedures can hamper market adoption.

Major competitive vendors that provide or are developing treatments include:

  • Azura Ophthalmics
  • Aperta Biosciences
  • Eyevance Pharmaceuticals
  • Formosa Pharmaceuticals
  • Hovione Scientia
  • Nicox SA (NICXF)
  • Novaliq GmbH
  • Premark Pharma
  • Quorum Innovations

Tarsus’s recent financial

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How a 21-year-old CEO landed a $3.5 million seed round

How a 21-year-old CEO landed a $3.5 million seed round

  • Profitboss is a startup offering a free online ordering system for restaurants.
  • The company recently pulled in $3.5 million in seed funding in a round led by Redpoint Ventures and joined by Kimbal Musk, Figma CEO Dylan Field, AngelList cofounder Naval Ravikant, The Chainsmokers, Raise founder George Bousis, Tinder founder Sean Rad, and others.
  • Profitboss tracks user data in order to create customized ads designed to bring customers back to the restaurants it services.
  • The service is free for restaurant owners. It charges restaurant customers a $1.50 fee instead of taking a cut of financial transactions like other third-party delivery companies.
  • CEO Adam Guild, 21, started the business when he was 18 years old after creating its core software to help his mother’s struggling dog grooming business.
  • “Everyone in this life faces different sorts of challenges,” Redpoint partner Alex Bard told Business Insider, “and some people succumb to those challenges. And some people really thrive out of facing that adversity.” He added that Guild is one of those people that “really thrived.”
  • Visit Business Insider’s homepage for more stories.

Profitboss CEO Adama Guild is young, but that’s not a demerit. In fact, the 21-year-old’s boundless energy is one reason investors decided to pour millions into his retail tech startup.

His company Profitboss, which he founded at 18, recently scored a $3.5 million seed round led by Redpoint Ventures and joined by Kimbal Musk, Figma CEO Dylan Field, AngelList cofounder Naval Ravikant, DoNotPay founder Joshua Browder, Coder cofounder John Andrew Entwistle, The Chainsmokers, Raise founder George Bousis, and Tinder founder Sean Rad.

Guild describes his platform as “kind of like Shopify meets Salesforce, but specifically for restaurants.” The company provides online software for restaurants to take orders from customers, allowing them to build customer profiles. They can later send those customers

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United States A2P and P2A Messaging Market Size is Projected to Reach USD 18,737.19 Million by 2025 | Valuates Reports

United States A2P and P2A Messaging Market Size is Projected to Reach USD 18,737.19 Million by 2025 | Valuates Reports

BANGALORE, India, Oct. 12, 2020 /PRNewswire/ — According to the Latest Market Research Report “A2P & P2A Messaging Market by Type (A2P, P2A), by Traffic (Multi-Country, National), by Messaging Platform (Cloud API Messaging Platform, Traditional & Managed Messaging Platform), by Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Education, Consumer Goods & Retail, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality), by Application (Authentication Services, Customer Relationship Management Services, Inquiry & Search Related Services, Interactive Messages, Notifications & Alerts, Promotional & Marketing Services, Pushed Content Services, Voting & Entertainment),  and Region – Global Forecast to 2025“, published on Valuates Reports. 

Valuates_Reports_Logo

The United States A2P & P2A Messaging Market is expected to grow from USD 14,378.29 Million in 2019 to USD 18,737.19 Million by 2025 at a CAGR of 4.51%.

Major factors driving the growth of Application to Person (A2P) & Person to Application (P2A) Messaging Market size include increased mobile marketing by advertisers and application developers, innovations in mobile payment and mobile banking apps, the ability to access messages without internet connexion, and the rapid growth in the mobile user base.

The report provides an exhaustive assessment of A2P & P2A Messaging Market size, shares, strategies, products, and manufacturing capabilities of the leading players. It also offers in-depth information about lucrative emerging markets, new product launches, untapped geographies, recent developments, and investments.

Get Detailed Analysis of COVID-19 Impact on A2P & P2A Messaging Market: https://reports.valuates.com/request/sample/360I-Auto-4J402/A2P_P2A_Messaging

TRENDS INFLUENCING THE A2P & P2A MESSAGING MARKET

Interaction and engagement with consumers have become important for businesses in the current market scenario. This, in turn, has boosted the growth of the A2P & P2A Messaging Market size.

Due

Read the rest
United States A2P and P2A Messaging Market Size is Projected to Reach USD 18,737.19 Million by 2025

United States A2P and P2A Messaging Market Size is Projected to Reach USD 18,737.19 Million by 2025

BANGALORE, India, Oct. 12, 2020 /PRNewswire/ — According to the Latest Market Research Report “A2P & P2A Messaging Market by Type (A2P, P2A), by Traffic (Multi-Country, National), by Messaging Platform (Cloud API Messaging Platform, Traditional & Managed Messaging Platform), by Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Education, Consumer Goods & Retail, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality), by Application (Authentication Services, Customer Relationship Management Services, Inquiry & Search Related Services, Interactive Messages, Notifications & Alerts, Promotional & Marketing Services, Pushed Content Services, Voting & Entertainment),  and Region – Global Forecast to 2025“, published on Valuates Reports. 

The United States A2P & P2A Messaging Market is expected to grow from USD 14,378.29 Million in 2019 to USD 18,737.19 Million by 2025 at a CAGR of 4.51%.

Major factors driving the growth of Application to Person (A2P) & Person to Application (P2A) Messaging Market size include increased mobile marketing by advertisers and application developers, innovations in mobile payment and mobile banking apps, the ability to access messages without internet connexion, and the rapid growth in the mobile user base.

The report provides an exhaustive assessment of A2P & P2A Messaging Market size, shares, strategies, products, and manufacturing capabilities of the leading players. It also offers in-depth information about lucrative emerging markets, new product launches, untapped geographies, recent developments, and investments.

Get Detailed Analysis of COVID-19 Impact on A2P & P2A Messaging Market: https://reports.valuates.com/request/sample/360I-Auto-4J402/A2P_P2A_Messaging

TRENDS INFLUENCING THE A2P & P2A MESSAGING MARKET

Interaction and engagement with consumers have become important for businesses in the current market scenario. This, in turn, has boosted the growth of the A2P & P2A Messaging Market size.

Due

Read the rest