Acurx Pharmaceuticals, LLC*

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General Information
Business:
We are a clinical stage biopharmaceutical company developing a new class of antibiotics for infections caused by bacteria listed as priority pathogens by the World Health Organization (“WHO”), the U.S. Centers for Disease Control and Prevention (“CDC”) and the U.S. Food and Drug Administration (“FDA”). Priority pathogens are those which require new antibiotics to address the worldwide crisis of antimicrobial resistance (“AMR”), as identified by the WHO, CDC and FDA. The CDC estimates that, in the U.S., antibiotic-resistant pathogens infect one individual every 11 seconds and result in one death every 15 minutes. The WHO recently stated that growing antimicrobial resistance is equally as dangerous as the ongoing COVID-19 pandemic, threatens to unwind a century of medical progress and may leave us defenseless against infections that today can be treated easily. According to the WHO, the current clinical development pipeline remains insufficient to tackle the challenge of the increasing emergence and spread of antimicrobial resistance.
Our approach is to develop antibiotic candidates that block the DNA polymerase IIIC enzyme (Pol IIIC) . We believe we are developing the first Pol IIIC inhibitor to enter clinical trials. Pol IIIC is the primary catalyst for DNA replication of several Gram-positive bacterial cells. Our research and development pipeline includes clinical stage and early stage antibiotic candidates that target Gram-positive bacteria for oral and/or parenteral treatment of infections caused by Clostridium difficile (“C. difficile”), Enterococcus (including vancomycin-resistant strains (“VRE”)), Staphylococcus (including methicillin-resistant strains (“MRSA”)), and Streptococcus (including antibiotic-resistant strains).
Pol IIIC is required for the replication of DNA in certain Gram-positive bacterial species. By blocking this enzyme, our antibiotic candidates are believed to be bactericidal and inhibit proliferation of several common bacterial pathogens, including both sensitive and resistant C. difficile, MRSA, vancomycin resistant Enterococcus, penicillin-resistant Streptococcus pneumonia (“PRSP”) and other resistant bacteria.
(Note: Acurx Pharmaceuticals priced its IPO on June 24, 2021, at $6 – the mid-point of its $5-to-$7 range – on 2.5 million shares, the same number in the prospectus, to raise $15 million.)
Industry: PHARMACEUTICAL PREPARATIONS
Employees: 3
Founded: 2017
Contact Information
Address 259 Liberty Avenue Staten Island, NY 10305
Phone Number (917) 533-1469
Web Address http://www.acurxpharma.com/
View Prospectus: Acurx Pharmaceuticals, LLC*
Financial Information
Market Cap $57.24mil
Revenues $0 mil (last 12 months)
Net Income $-4.6 mil (last 12 months)
IPO Profile
Symbol ACXP
Exchange NASDAQ
Shares (millions): 2.5
Price range $6.00 - $6.00
Est. $ Volume $15.0 mil
Manager / Joint Managers Alexander Capital/ Network 1 Financial Securities
CO-Managers -
Expected To Trade: 6/25/2021
Status: Priced
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