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AC Immune Targeting $50m IPO

 
• By Lucie Ellis-Taitt

Alzheimer's disease drug and vaccine developer AC Immune SA is aiming to raise $50m via an initial public offering that will take the company public on Nasdaq in the US. This follows a successful series E financing round in May this year that saw the company net $43.5m.

The Swiss company plans to use proceeds from the IPO to continue development of its lead product, the anti-Abeta antibody crenezumab, which is being researched as a passive immunization treatment for Alzheimer's disease. Crenezumab, which is currently in Phase III clinical trials, is partnered with Roche company, Genentech Inc.

A US Securities and Exchange Commission filing from AC Immune did not disclose how many shares it plans to sell...

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