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NASH Contender Inventiva Backed By Euronext IPO

 
• By John Davis

The five-year-old French biotech Inventiva Pharma has raised financing on the public markets to propel its lead fibrosis/NASH product through the development pipeline.

Liver anatomy

The race to market for companies developing non-alcoholic steatohepatitis (NASH) therapies has become tighter with one competitor, the Paris-based biotech, Inventiva Pharma, raising €48m ($50.8m) in an initial public offering on Euronext, the European stock exchange, to back its R&D. The funds raised could increase to €50.4m if an over-allotment option is exercised.

The funding means that Inventiva can “pursue with ambition” the development of its various preclinical and clinical programs,” said Inventiva’s scientific director and co-founder Pierre Broqua in a statement Feb....

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