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About LEXEO Therapeutics

LEXEO Therapeutics provides gene therapy with a focus on genetically defined cardiovascular and central nervous system diseases. Its pipeline consists of adeno-associated virus AAV-based gene therapies for rare cardiovascular diseases, APOE4-associated Alzheimer’s disease, and CLN2 Batten disease. The company was founded in 2018 and is based in New York, New York.

Headquarters Location

345 Park Avenue South 6th Floor

New York, New York, 10010,

United States




Latest LEXEO Therapeutics News

The IPO Buzz: Cargo Therapeutics (CRGX) Launches $300 Million IPO

Nov 20, 2023

Phase 2 cancer clinical biotech CARGO Therapeutics (CRGX proposed) launched its $300 million IPO early today (Monday, Nov. 6, 2023) by disclosing terms: 18.75 million shares at $15.00 to $17.00. The IPO is expected to price Thursday night, Nov. 9, 2023, to trade Friday, Nov. 10, on the NASDAQ. If CARGO Therapeutics prices its IPO at the $16.00 mid-point, the company would have a valuation or a market cap of $618.77 million. J.P. Morgan, Jefferies, Cowen and Truist Securities are the joint book-runners. CARGO Therapeutics, based in San Mateo, California, is evaluating CRG-022, its lead CD22 CAR T-cell product candidate, in “a potentially pivotal Phase 2 clinical trial in patients with LBCL (large B-cell lymphoma) whose disease relapsed or was refractory to CD19 CAR T-cell therapy,” the prospectus says. Cargo Therapeutics licensed the underlying CAR (chimeric antigen receptor) exclusively from the National Cancer Institute. According to the prospectus: “A CAR is a protein that has been engineered to modify T cells so they can recognize and destroy cancer cells.” Cargo Therapeutics’ potential cell therapy uses a cancer patient’s own cells, the prospectus says. Principal shareholders include Samsara BioCapital and Third Rock Ventures, according to Cargo Therapeutics’ S-1/A filing. The SEC filing also shows that CARGO Therapeutics has no product revenues and a sizable net loss: $56.63 million for the 12 months that ended June 30, 2023. This financial profile – no product revenues and a substantial net loss – is typical for a biotech when it goes public. CARGO Therapeutics’ IPO is the second biotech IPO to jump on the IPO Calendar with a Monday launch in the past two weeks. Lexeo Therapeutics (LXEO), a clinical biotech developing cardiovascular and Alzheimer’s disease drugs, launched last Monday and priced its IPO last Thursday night, Nov. 2, at $11.00 – $2.00 below the bottom of its $13.00-to-$15.00 price range – on 9.09 million shares. Lexeo Therapeutics’ stock slid on Friday in its NASDAQ debut, closing at $10.05. In contrast, other biotech IPOs priced earlier this year are doing well. RayzeBio, Inc. (RYZB), priced on Sept. 14, 2023, at $18.00, closed Friday, Nov. 3, 2023, at $22.35. Structure Therapeutics (GPCR), priced on Feb. 2, 2023, at $15.00, closed Friday, Nov. 3, 2023, at $69.88. Stay tuned. (For more information about these companies, please check the  IPO Calendar  and the individual IPO Profiles found on’s  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to:  then scroll down to IPO Message. Disclosure: Nobody on the staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.

LEXEO Therapeutics Frequently Asked Questions (FAQ)

  • When was LEXEO Therapeutics founded?

    LEXEO Therapeutics was founded in 2018.

  • Where is LEXEO Therapeutics's headquarters?

    LEXEO Therapeutics's headquarters is located at 345 Park Avenue South, New York.

  • What is LEXEO Therapeutics's latest funding round?

    LEXEO Therapeutics's latest funding round is IPO.

  • How much did LEXEO Therapeutics raise?

    LEXEO Therapeutics raised a total of $185M.

  • Who are the investors of LEXEO Therapeutics?

    Investors of LEXEO Therapeutics include Sarepta Therapeutics, Longitude Capital, Omega Funds, Invus Group, Woodline Partners and 13 more.



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