SEC Comment Letter for PLIANT THERAPEUTICS, INC. (PLRX) (CIK 0001746473) (PLRX) — Jun 28, 2019
PLIANT THERAPEUTICS, INC. (PLRX) (CIK 0001746473)
Date: June 28, 2019 · CIK: 0001746473 · Accession: 0000000000-19-010480
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June 28, 2019 Bernard Coulie Chief Executive Officer Pliant Therapeutics, Inc. 260 Littlefield Avenue South San Francisco, CA 94080 Re:Pliant Therapeutics, Inc. Amendment No. 1 to Draft Registration Statement on Form S-1 Submitted June 20, 2019 CIK No. 0001746473 Dear Dr. Coulie: We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment No. 1 to Draft Registration Statement on Form S-1 Management's Discussion and Analysis of Financial Condition and Results of Operations Comparison of the Years Ended December 31, 2017 and 2018 Research and Development, page 80 1.Refer to our prior comment 3. Please revise to quantify, for each period presented, your research and development expenses by the types of costs you disclosed on pages 78 and 79.
FirstName LastNameBernard Coulie Comapany NamePliant Therapeutics, Inc. June 28, 2019 Page 2 FirstName LastName Bernard Coulie Pliant Therapeutics, Inc. June 28, 2019 Page 2 Licensed IP, page 130 2.We note your response to our prior comment 8 and reissue in part. Please revise your disclosure in this section to clarify the extent to which you are or expect to utilize these licensed patent families in your business. Also, to the extent you believe you are not required to file the license agreement with the Regents of the University of California as an exhibit to your registration statement, please confirm that the company does not currently or expect to depend on the license to a material extent. Refer to Item 601(b)(10)(ii)(B) of Regulation S-K. Exhibits and Financial Statement Schedules, page II-3 3.We note your response to our prior comment 13 and reissue in part. Please file the Adimab Collaboration Agreement or, alternatively, provide us with your analysis why this is not required. You may contact Andi Carpenter at 202-551-3645 or Sharon Blume at 202-551-3474 if you have questions regarding comments on the financial statements and related matters. Please contact Donald Field at 202-551-3680 or Justin Dobbie at 202-551-3469 with any other questions. Sincerely, Division of Corporation Finance Office of Healthcare & Insurance
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June 28, 2019
Bernard Coulie
Chief Executive Officer
Pliant Therapeutics, Inc.
260 Littlefield Avenue
South San Francisco, CA 94080
Re:Pliant Therapeutics, Inc.
Amendment No. 1 to
Draft Registration Statement on Form S-1
Submitted June 20, 2019
CIK No. 0001746473
Dear Dr. Coulie:
We have reviewed your amended draft registration statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe our comments apply to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to these comments and your
amended draft registration statement or filed registration statement, we may have additional
comments.
Amendment No. 1 to Draft Registration Statement on Form S-1
Management's Discussion and Analysis of Financial Condition and Results of Operations
Comparison of the Years Ended December 31, 2017 and 2018
Research and Development, page 80
1.Refer to our prior comment 3. Please revise to quantify, for each period presented, your
research and development expenses by the types of costs you disclosed on pages 78 and
79.
FirstName LastNameBernard Coulie
Comapany NamePliant Therapeutics, Inc.
June 28, 2019 Page 2
FirstName LastName
Bernard Coulie
Pliant Therapeutics, Inc.
June 28, 2019
Page 2
Licensed IP, page 130
2.We note your response to our prior comment 8 and reissue in part. Please revise your
disclosure in this section to clarify the extent to which you are or expect to utilize these
licensed patent families in your business. Also, to the extent you believe you are not
required to file the license agreement with the Regents of the University of California as
an exhibit to your registration statement, please confirm that the company does not
currently or expect to depend on the license to a material extent. Refer to Item
601(b)(10)(ii)(B) of Regulation S-K.
Exhibits and Financial Statement Schedules, page II-3
3.We note your response to our prior comment 13 and reissue in part. Please file the
Adimab Collaboration Agreement or, alternatively, provide us with your analysis why this
is not required.
You may contact Andi Carpenter at 202-551-3645 or Sharon Blume at 202-551-3474 if
you have questions regarding comments on the financial statements and related matters. Please
contact Donald Field at 202-551-3680 or Justin Dobbie at 202-551-3469 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Healthcare & Insurance