CinCor Pharma, Inc. (CINC) Bundle
A Brief History of CinCor Pharma, Inc. (CINC)
Foundation and Early Development
Foundation and Early Development
CinCor Pharma, Inc. was founded in 2020, with a strong focus on developing treatments for hypertension and cardiorenal diseases. The company emerged with a vision to innovate therapeutic approaches targeting the renin-angiotensin-aldosterone system (RAAS).
Initial Funding Rounds
In July 2021, CinCor completed a Series A funding round, raising $50 million. This funding was significant for furthering its research and development efforts.
Public Offering
CinCor went public on January 28, 2022, under the ticker symbol CINC. The initial public offering (IPO) was priced at $16 per share, raising approximately $100 million.
Key Product Development
The company's lead product candidate, CIN-107, is an oral small molecule that targets hypertension. In July 2022, CinCor announced positive Phase 2 clinical trial results for CIN-107, showcasing a reduction in systolic blood pressure.
| Year | Event | Funding Amount | Share Price at IPO | Clinical Trial Result |
|---|---|---|---|---|
| 2020 | Foundation | N/A | N/A | N/A |
| 2021 | Series A Funding | $50 million | N/A | N/A |
| 2022 | IPO | $100 million | $16 | Positive Phase 2 Results |
Partnerships and Collaborations
In 2022, CinCor entered a strategic collaboration with Bristol-Myers Squibb to develop and commercialize new therapies targeting hypertension. The partnership aims to leverage both companies' strengths in research.
Recent Financial Performance
As of Q3 2023, CinCor Pharma reported a cash balance of approximately $150 million. This funding is expected to support the company’s operational needs into 2025.
Stock Performance
As of October 2023, the stock price of CINC was approximately $20.50, reflecting a market capitalization of around $650 million.
| Date | Stock Price | Market Capitalization | Cash Balance |
|---|---|---|---|
| October 2023 | $20.50 | $650 million | $150 million |
Future Outlook
CinCor Pharma is systematically progressing into Phase 3 clinical trials for CIN-107, with expectations for regulatory submissions in late 2024.
A Who Owns CinCor Pharma, Inc. (CINC)
Shareholder Composition
Shareholder Composition
As of the latest filing in Q3 2023, the ownership structure of CinCor Pharma, Inc. is distributed among various institutional and retail investors.
| Shareholder Type | Ownership Percentage | Number of Shares | Market Value (in USD) |
|---|---|---|---|
| Institutions | 58.4% | 8,220,000 | $160,500,000 |
| Insiders | 10.5% | 1,470,000 | $29,250,000 |
| Retail Investors | 31.1% | 4,350,000 | $85,500,000 |
Major Institutional Shareholders
The following table lists the major institutional shareholders as of Q3 2023:
| Institution Name | Shares Owned | Percentage of Total Shares | Value (in USD) |
|---|---|---|---|
| The Vanguard Group, Inc. | 2,400,000 | 17.2% | $48,000,000 |
| BlackRock, Inc. | 1,850,000 | 13.3% | $37,000,000 |
| JPMorgan Chase & Co. | 1,600,000 | 11.5% | $32,000,000 |
| State Street Corporation | 1,200,000 | 8.6% | $24,000,000 |
Insider Ownership
The insider ownership consists of executive members and board members. As of Q3 2023, insider ownership details are as follows:
| Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| Component Name A | CEO | 500,000 | 3.6% |
| Component Name B | CFO | 350,000 | 2.5% |
| Component Name C | Board Member | 300,000 | 2.2% |
Recent Stock Performance
As of October 2023, the stock performance details of CinCor Pharma, Inc. are as follows:
| Date | Closing Price (in USD) | Market Capitalization (in USD) | 52-Week Range (in USD) |
|---|---|---|---|
| October 3, 2023 | 19.50 | 275,000,000 | 15.00 - 29.00 |
| September 30, 2023 | 18.00 | 250,000,000 | 15.00 - 29.00 |
| August 31, 2023 | 21.00 | 300,000,000 | 15.00 - 29.00 |
Analyst Ratings
Analyst ratings provide insights into the stock's potential future performance. As of Q3 2023, the breakdown of analyst ratings is as follows:
| Rating | Count of Analysts | Percentage |
|---|---|---|
| Buy | 8 | 50% |
| Hold | 6 | 37.5% |
| Sell | 2 | 12.5% |
Conclusion
The ownership of CinCor Pharma, Inc. reflects a mix of institutional, insider, and retail investors, contributing to its market dynamics.
CinCor Pharma, Inc. (CINC) Mission Statement
Overview of CinCor Pharma, Inc.
CinCor Pharma, Inc. is a biotechnology company focused on developing innovative therapeutics for patients with hypertension and cardiovascular diseases. The company's mission is to advance treatment options that enhance patient outcomes through rigorous scientific research and development.
Core Values
- Innovation: Commitment to pioneering new therapies.
- Integrity: Upholding ethical standards and transparency in operations.
- Collaboration: Partnering with stakeholders to drive success.
- Patient-Centricity: Prioritizing the needs of patients in every decision.
Financial Performance
As of the latest quarter, CinCor Pharma has reported significant financial metrics:
| Financial Metric | Amount (in USD) |
|---|---|
| Market Capitalization | $376.47 million |
| Revenue (Last Fiscal Year) | $0 (as a clinical-stage company) |
| Net Income (Last Fiscal Year) | -$42.7 million |
| Total Assets | $68.1 million |
| Cash and Cash Equivalents | $102.3 million |
| R&D Expenses (Last Fiscal Year) | $22.4 million |
Research and Development Focus
CinCor's mission includes the development of novel therapeutics, specifically targeting:
- Hypertension
- Heart Failure
- Related Cardiovascular Disorders
Pipeline Overview
The company's current development pipeline includes:
| Drug Candidate | Indication | Status | Phase |
|---|---|---|---|
| CIN-107 | Hypertension | In Development | Phase 2 |
| CIN-119 | Heart Failure | In Development | Phase 1 |
Strategic Partnerships
CinCor Pharma has engaged in strategic collaborations to enhance its development capabilities:
- Partnership with large pharmaceutical companies for co-development.
- Collaboration with research institutions for advanced scientific studies.
Future Outlook
Looking forward, CinCor Pharma is focused on:
- Expanding its clinical trials for ongoing candidates.
- Enhancing its financial standing through strategic fundraising.
- Utilizing data-driven approaches for drug development.
Commitment to Patients
The company's mission statement emphasizes a strong dedication to improving the lives of patients through innovative therapies and is reflected in its ongoing commitment to understanding patient needs and responses.
How CinCor Pharma, Inc. (CINC) Works
Overview of CinCor Pharma
CinCor Pharma, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapies for patients with hypertension and heart-related diseases. As a Nasdaq-listed entity, the stock symbol for CinCor is CINC. The company aims to address unmet medical needs through the discovery and development of novel treatments.
Financial Performance
As of the most recent financial reporting, CinCor Pharma reported the following financial figures:
| Metric | Value |
|---|---|
| Market Capitalization | $350 million |
| Q2 2023 Revenue | $0 (pre-revenue stage) |
| Cash and Cash Equivalents | $100 million |
| Operating Expenses (Q2 2023) | $15 million |
| Net Loss (Q2 2023) | $15 million |
Research and Development (R&D) Focus
CinCor Pharma specializes in advancing treatments related to cardiovascular diseases, particularly focusing on:
- Hypertension
- Heart Failure
- Renal Denervation
The lead product candidate is CIN-107, a novel treatment designed to modulate the renin-angiotensin-aldosterone system (RAAS).
Clinical Trials
As of 2023, CinCor Pharma has been conducting several clinical trials:
| Trial Name | Phase | Status |
|---|---|---|
| CIN-107 Phase 2b | Phase 2b | Ongoing |
| CIN-107 Phase 3 | Planned | Recruitment Expected in 2024 |
| CIN-107 Combination Therapy | Phase 2 | Ongoing |
Partnerships and Collaborations
CinCor Pharma engages in strategic partnerships to enhance its research capabilities and market reach:
- Collaboration with major pharmaceutical companies for joint research initiatives
- Partnerships with academic institutions for clinical research development
- Engagement with regulatory bodies to expedite clinical trial processes
Regulatory Approvals and Compliance
CinCor's product pipeline is subject to rigorous regulatory scrutiny:
- FDA submissions for investigational new drugs (IND)
- Compliance with Good Clinical Practice (GCP)
- Regular updates on clinical trial status to investors and stakeholders
Future Outlook
For 2023 and beyond, CinCor Pharma aims to:
| Goal | Timeline |
|---|---|
| Complete Phase 2 trials for CIN-107 | End of 2023 |
| Initiate Phase 3 trials | 2024 |
| Develop additional product candidates | Ongoing |
Investor Information
As a publicly traded company, CinCor provides crucial information to its investors:
- Quarterly earnings reports
- Annual shareholder meetings
- Regular updates on clinical milestones and market developments
How CinCor Pharma, Inc. (CINC) Makes Money
Research and Development Revenue
CinCor Pharma focuses on developing innovative therapeutic solutions, particularly in cardiovascular diseases. The primary source of revenue is through partnerships and collaborations for research and development.
Partnerships and Collaborations
The company has formed strategic alliances with larger pharmaceutical firms, which provide funding for research projects. For instance, CinCor entered a collaboration with AstraZeneca in 2021, which included an upfront payment of $50 million and potential milestones that could exceed $1 billion.
Product Sales
CinCor Pharma is in the advanced stages of clinical trials for its leading product, CINC-202, aimed at treating hypertension. Once commercialized, projected annual revenue could reach $500 million based on market analysis for hypertension medications.
Grants and Funding
The company has secured non-dilutive funding through government grants. In 2022, CinCor received a $3 million grant from the National Institutes of Health (NIH) to support the development of its drug pipeline.
Table: Financial Overview of CinCor Pharma, Inc. (CINC)
| Year | Revenue ($ million) | R&D Expenses ($ million) | Net Income ($ million) | Cash & Equivalents ($ million) |
|---|---|---|---|---|
| 2020 | 5.0 | 22.5 | -18.0 | 50.0 |
| 2021 | 8.5 | 28.0 | -19.5 | 55.0 |
| 2022 | 10.0 | 30.0 | -20.0 | 60.0 |
| 2023 (projected) | 15.0 | 35.0 | -22.0 | 70.0 |
Intellectual Property Licensing
CinCor Pharma also generates revenue through licensing agreements for its proprietary technologies. The company successfully licensed a set of patents in 2021 that provided an initial payment of $10 million along with royalties on future sales.
Market Expansion
As CinCor expands its market presence, especially in Europe and Asia, it aims to capture a greater share of the global market for hypertension treatments. The total addressable market (TAM) for hypertension therapies is estimated at over $35 billion globally.
Impact of Clinical Trials
Successful completion of clinical trials not only boosts sales potential but also enhances stock value. The anticipated completion of Phase 3 trials for CINC-202 could add an estimated $1.5 billion in market cap based on comparable company valuations.
Table: Investment and Market Metrics
| Metric | Value |
|---|---|
| Market Cap ($ billion) | 1.2 |
| Share Price ($) | 15.00 |
| EBITDA Margin (%) | -150 |
| Debt-to-Equity Ratio | 0.1 |
Future Projections
With ongoing clinical developments and partnerships, analysts project that CinCor could achieve revenue growth exceeding 30% annually over the next five years should its products receive regulatory approval and meet market needs.
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