resTORbio (TORC) plans to raise $86 million in an initial public offering on Friday, January 26th, IPO Scoop reports. The company plans to issue 5,700,000 shares at a price of $14.00-$16.00 per share.

The company has a market cap of $407.9 million.

BofA Merrill Lynch, Leerink Partners and Evercore ISI acted as the underwriters for the IPO and Wedbush PacGrow was co-manager.

resTORbio provided the following description of their company for its IPO: “We are a clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for the treatment of aging-related diseases. Our lead program has demonstrated in several clinical trials, including a randomized, placebo-controlled trial, the potential to treat multiple diseases of aging for which there are no approved therapies. The decline in immune function that occurs during aging, or immunosenescence, increases susceptibility to a variety of diseases, including respiratory tract infections, or RTIs, that significantly contribute to morbidity and mortality in the elderly.   “.

resTORbio was founded in 2016 and has 7 employees. The company is located at 501 Boylston Street, Suite 6102, Boston, MA 02116, US and can be reached via phone at (617) 482-2333 or on the web at http://www.restorbio.com.

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