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Finance Watch: Two More US Biopharma IPOs And Two New European VC Funds

 
• By Mandy Jackson

Two biopharma IPOs in the US continue streak of (mostly) positive returns; two new European VC funds launch as Irish antibiotic developer raises $65m; and Halozyme, Ziopharm price offerings.

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Two biopharmaceutical companies launched similar initial public offerings in the US within a day of each other – G1 Therapeutics Inc. on May 16 and argenx SE on May 17 – and raised more than $200m between the pair of them.

The recent biopharma IPO boom brings the 2017 total to 13 – a lucky number so far with few of the newly public drug developers' stocks trading under their offering prices. The cancer drug developer G1 sold 7m shares at $15 each to gross $105m and its stock ended the week at $16.52 on May 19

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