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Nimbus Puts Off IPO A While Longer With $400m From Gilead

 
• By Mandy Jackson

Nimbus Therapeutics LLC was considering an initial public offering to fund its early-stage development programs, but with $400m up front from Gilead Sciences Inc. from the sale of its subsidiary Nimbus Apollo Inc., the company can hold off until the market is more favorable for biotechnology IPOs.

Nimbus Therapeutics LLC was considering an initial public offering to fund its early-stage development programs, but with $400m up front from Gilead Sciences Inc. from the sale of its subsidiary Nimbus Apollo Inc., the company can hold off until the market is more favorable for biotechnology IPOs.

Nimbus Therapeutics probably could have raised a significant amount of venture capital based on the company's portfolio of acetyl-CoA carboxylase (ACC) inhibitors, including a non-alcoholic steatohepatitis (NASH) drug candidate that's...

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