In the first biopharma IPO in Europe this year, the French drug delivery company Adocia SAS has raised €25 million ($32.7 million) on NYSE Euronext Paris, in an offering that was oversubscribed.
The listing comes over nine months since Europe’s last biopharma IPO, that of dermatology-focused Moberg Pharma AB in May 2011. Moberg raised SEK 74 million ($11 million) on the Nasdaq OMX exchange in Stockholm, Sweden ([A#2011800100])
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