Prosensa Debuts On The Nasdaq Hours After Getting Breakthrough Designation For Lead Compound

 
• By Lisa LaMotta

The Dutch biotech raised $78 million in an initial public offering, peaking investors’ interest with a breakthrough designation for its lead drug candidate, partnered with GSK.

With strong data in its pocket for its lead pipeline candidate and a partner fitting the bill, Prosensa Holding BV conducted an initial public offering to raise money to accelerate the rest of its portfolio, which also focuses on a subset of patients for the rare genetic disorder Duchenne muscular dystrophy (DMD).

Prosensa debuted on the Nasdaq public stock exchange on June 28 at an opening price of $19.02, up from its...

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