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Finance Watch: Raising Cash Before A Trump Slump, La Jolla Nabs $125m, Akcea Eyes $100m IPO

 
• By Mandy Jackson and Jessica Merrill

La Jolla Pharmaceutical grossed $125m, Inspyr Therapeutics signs a deal to raise up to $100m, Ionis's Akcea makes $100m IPO plans, and $64m in cash for SutroVax tops recent venture capital rounds.

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La Jolla Pharmaceutical Co. with its $125m stock sale led a recent spate of secondary offerings by biopharmaceutical firms as companies attempt to fortify their cash balances before the "Trump bump" in US stock valuations flattens or slumps.

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