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Finance Watch: The Year's Biggest IPO And A Post-ASH Offering Splash

 
• By Mandy Jackson

Public Company Edition: Denali launched this year's largest biopharma IPO. Also, Valeant sold notes to retire older debt, while bluebird, Blueprint and others capitalized on data presented at ASH.

Finance Watch

In an era of drug development in which everyone seems to be raising money for an immuno-oncology start-up, it's remarkable that the biggest initial public offering in the US by a biopharmaceutical company in 2017 was done by Denali Therapeutics Inc., which is focused on neurodegeneration.

Denali closed its IPO on Dec. 12 with the sale of nearly 16m shares at $18 each for gross proceeds of $287.5m, bringing the company's fundraising total since its launch...

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• By Mandy Jackson

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