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Finance Watch: Rhythm And OptiNose IPOs Bring 2017 Total To 31, Surpassing 2016

 
• By Mandy Jackson

Public Company Financings: Rhythm and OptiNose are the 30th and 31st initial public offerings of 2017. Also, reverse mergers add two more newly public firms, Valeant raises $1bn to pay down more debt, and PhaseRx and Trevena cut jobs.

Finance Watch

This year's tally of biopharmaceutical initial public offerings in the US was tied with 2016's total of 30 IPOs when Rhythm Pharmaceuticals Inc. went public on Oct. 5, but 2017 outpaced last year when OptiNose Inc. launched its IPO on Oct. 12.

With 31 first-time offerings by drug developers and only two and a half months to go until 2018, this year...

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Chinese Biotech VC/PE Fundings Rise But Still Modest

 
• By Dexter Jie Yan

LTZ Therapeutics and Beijing Sungen Biomedical are among the Chinese biotechs raising new funding, of around $40m each, based on their clinical assets with novel mechanisms of action. While fundings have risen, they remain moderate however.

Finance Watch: Vera Raises Debt, Taysha And Trevi Price Offering After Big Trial Wins

 
• By Mandy Jackson

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Finance Watch: Is Six The Magic Number? May Sees Half Dozen VC Mega-Rounds

 
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Will Pfizer Walk Away From Arvinas After PROTAC Disappointment?

 
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Finance Watch: Vera Raises Debt, Taysha And Trevi Price Offering After Big Trial Wins

 
• By Mandy Jackson

Public Company Edition: Public company funding in 2025 is down from 2024, but after recent positive data readouts Vera accessed up to $450m in new debt, while Taysha and Trevi grossed $200m and $100m, respectively, in stock offerings. Meanwhile, Keros, Stealth and others cut jobs.