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IPO Update: Novan, AC Immune End Summer Slowdown As Market Improves

 
• By Mandy Jackson

Novan and AC Immune ended September with the first biopharma IPOs in 40 days as the performance of newly public companies’ stocks head into an upswing.

stock

Novan Inc. on Sept. 20 was the first biopharmaceutical company to launch an initial public offering in the US since Protagonist Therapeutics Inc. went public on Aug. 10 and AC Immune SA followed with an IPO of its own on Sept. 22, ending a summer slowdown with two successful offerings.

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