The Menlo Park, CA company announced its IPO … That's why we created “The Nanalyze Disruptive Tech Portfolio Report,” which lists 20 disruptive tech stocks we love so much we’ve invested in them ourselves. “It also helps solve a core problem in detecting cancer early in asymptomatic individuals, which is the low level of cancer signal circulating in the blood,” says the company. An IPO is Still the Holy Grail ... A successful initial public offering sets the stage for the company's first years as a public company, not only providing access to public capital markets, but also establishing the governance structure and finance processes that will support it … When we look at companies that are experiencing strong revenue growth – like Guardant – we don’t really pay much attention to profitability. After looking at Grail’s S-1 filing, we’re even more convinced that early cancer detection is a disruptive technology that we want to have exposure to, and Guardant fits the bill. Now the good news is, even prior to the IPO here, this company has a ton of cash. Cancer diagnostic specialist Grail today filed for an initial public offering (IPO) on the Nasdaq, with the stock to trade under the ticker symbol GRAL. Investors include Jeff Bezos, Sequoia, Johnson & Johnson, Bill Gates, and Illumina, the largest shareholder in Grail at the moment with 98,310,709 shares or 14.6% of the company. It’s a simple analysis, but that’s because we like to adhere to the KISS principle whenever possible. The security will be listed under the symbol “GRAL.” Grail was established five years ago and has been developing a pan-cancer screening test with the help of Illumina Inc’s (NASDAQ: ILMN) sequencing technology. For patients with cancer, a liquid biopsy provides an alternative to a traditional biopsy. While Grail has been perfecting their test, they’ve also managed to accumulate some very valuable big data. Grail was formed within Illumina in 2015. 2A, Part 77. Grail’s early detection blood test, Galleri, has demonstrated in clinical studies the ability to detect more than 50 types of cancer, across all stages, and localize the cancer signal with a high degree of accuracy, from a single blood draw. Grail joins a flood of other tech IPO announcements this fall, including Snowflake, Sumo Logic, Unity, Asana, JFrog, and Palantir.. Required fields are marked *. Founded. The case for early screening is simple and compelling. Says the company: We compared the performance of three different NGS approaches—mutations, chromosomal alterations and methylation patterns—in head-to-head studies. What Grail has been spending their funding on is lots of pre-work to make sure they’re taking the right approach. GRAIL is combining high-intensity sequencing, leading-edge computer science, and large population-scale clinical studies to develop a blood test for early-stage cancer detection. Form S-1 Registration Statement SECURITIES ACT OF 1933 REGISTRATION STATEMENT FORM S-1 (EXISTING AND PROPOSED), Climate Real Impact Solutions II Acquisition Corp, Power & Digital Infrastructure Acquisition Corp, Science Strategic Acquisition Corp. Alpha. Save my name, email, and website in this browser for the next time I comment. Latest News about Grail. Shift4:: IPO price $23, first trade was at $33 and now sitting at 46.20. PCVX:: IPO price $16, opening day $26 and still up at 40 today. A rough estimation of burn rate for Grail is about $250 million a year and they have $685 million in cash on hand plus the $100 million they plan to raise in the IPO. 9 Sep 20 Files SEC. The Illumina spinout expects to launch the product, Galleri, as a lab developed test (LDT) in 2021. Request Access. View More Companies. Sustainable Development Acquisition I Corp. Virtuoso Acquisition Corp, Virtuoso Acquisition Corp. ECP Environmental Growth Opportunities Corp. Find out which tech stocks we love, like, and avoid in this special report, now available for all Nanalyze Premium annual subscribers. G RAIL, a developer of next-gen cancer screening tests, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. 2A, Part 77. Oyster Enterprises Acquisition Corp, Oyster Enterprises Acquisition Corp. Z-Work Acquisition Corp, Z-Work Acquisition Corp. Read Next This act, also known as the Truth in Securites Act was inacted to bring greater transparency to securities. Coverage at Stat-Plus (Subscription) here. Grail, the mon­strous­ly backed liq­uid biop­sy biotech, has filed for an IPO. Sept 9 (Reuters) - U.S-based cancer testing startup Grail Inc, which has received funding from Amazon.com … If the IPO goes through as planned, Grail will trade under the symbol “GRAL.”. Grail’s four foundational studies collectively enrolled around 115,000 participants which the company believes are the largest linked datasets of genomic and clinical data in the cancer field. SEC Form S-1 is a registration filing form for companies to complete registration of securities offering under the Securities Act of 1933 [pdf] (see also, 15 USC Ch. They then plan to submit a premarket approval application (PMA) of a subsequent version of Galleri in as early as 2023. While all of the markers were capable of detecting cancer, we found that methylation profiling yielded significantly better results for cancer detection. And here we are today, poring over their S-1 filing as the Illumina-backed venture has just filed for an Initial Public Offering (IPO). That’s because traction is a demonstration of the critically important “product-market-fit” which shows you’ve built what your customers need and are capable of selling it at a price point that’s attractive to buyer and seller. These are just few. ... Upsized record IPO, e-cigarette questions, a CEO Dance and more. In 2016, they received investments from third parties and began operating as a stand-alone company. 13D/G Filings Your email address will not be published. See the SEC Form S-1 online at SEC here. Grail anticipates Galleri to become commercially available in 2021 as a laboratory developed test (LDT). SLQT:: IPO price $20, peaked to $26 opening day and now down to $20. Buy or sell Grail stock pre IPO via an EquityZen fund. Grail has no green lines – growing or otherwise – so we’re sticking with Guardant. Grail CEO Jennifer Cook That comes later. Grail estimates that a 1% reduction in cancer mortality in the United States would be worth $695 billion in today’s dollars from increased quality of life, productivity, and survival. We’re also MBAs, which means we’re not really capable of doing much more than simple analysis anyways. 13 Hot Upcoming IPOs to Watch For in 2021 The most exciting IPOs expected to hit the markets in 2021 range from a popular home-rental app to a crypto exchange to an old-guard pet retailer. These are just some of the interesting insights presented in the Grail S-1 that makes us all the more excited about our investment in Guardant. However, if you’re doing nothing but burning cash, that makes us nervous. The company says their cash and IPO proceeds will get them through at least twelve months, but let’s say they have three years of runway if all that R&D spend shifts to marketing spend and they can keep a consistent burn rate. As reported on September 9, 2020, by BioPharmaDive, GRAIL has filed with the SEC for an IPO. MENLO PARK, Calif., Sept. 9, 2020 — GRAIL, Inc., a healthcare company whose mission is to detect cancer early, when it can be cured, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock in the United States. In the simplest of terms, we like growing green lines and shrinking blue lines – eventually. Sustainable Development Acquisition I Corp. Dream Finders Homes, Inc, Dream Finders Homes, Inc. Clarim Acquisition Corp, Clarim Acquisition Corp. Jack Creek Investment Corp, Jack Creek Investment Corp. ComSovereign Holding Corp, ComSovereign Holding Corp. AzurRx BioPharma, Inc, AzurRx BioPharma, Inc. Montauk Renewables, Inc, Montauk Renewables, Inc. European Sustainable Growth Acquisition Corp. Dyne Therapeutics, Inc, Dyne Therapeutics, Inc. Qualtrics International Inc, Qualtrics International Inc. The San Francisco startup ended up taking in $2 billion in disclosed funding to further their mission to detect cancer early, when it can be cured. Then there’s Guardant, a company that’s burning about $80 million a year with $522 million in cash on hand. Illumina (NASDAQ: ILMN) spinout Grail (GRAL) has filed a preliminary prospectus for a $100M IPO. Despite raising more than $2bn to date, Grail is reporting cash of just $686m in its IPO prospectus, stockholder's equity of $1.3bn, and a cash burn of $139m in the first 6 months of 2020. Through form S-1, companies offering securites are required to disclose a description of the company’s properties and business; a description of the security being offered; information about management running the company and financial statements that have been certified by independent accountants. A dds details from IPO filing, background. Stocks are not only hard to find, but investing in them risky! 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