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IPO Is Next Finance Target For Hookipa Biotech After $60m Series C

 
• By Sten Stovall

Emerging Company Profile: Austria's privately-held Hookipa Biotech just raised $60m to progress two proof of concept clinical trials for its lead development programs. It will eventually seek a public listing.

Emerging Company Profile Regular column feature image Version 2

Privately held Hookipa Biotech AG says it will use the €50m ($60m) raised in an oversubscribed series C financing in early December to progress its proprietary class of immune activation therapies for oncology and infectious diseases in proof of concept studies. Executives hope the studies will convince investors to buy into an eventual IPO within two years.

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