IPO Update: Investors Chase Modest Immuno-Oncology Offerings

The two most recent US initial public offerings by drug developers were launched by companies in the immuno-oncology field – Hutchison China MediTech Ltd. (Chi-Med) and Corvus Pharmaceuticals Inc. – showing that investors still are intrigued by cancer immunotherapies, although not at a high IPO price.

Seven drug developers have completed US IPOs so far in 2016, including four immuno-oncology firms, a gene-editing specialist, a gene therapy firm and a company developing treatments for cystic fibrosis and other diseases

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