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Finance Watch: Six More IPO Filings As Three More Biopharmas Go Public In The US

 
• By Mandy Jackson

Public Company Edition: Kiniksa, Scholar Rock and Iterum launch the most recent US IPOs and at least five more drug developers join the queue. Also, Polyphor go public in Switzerland, Valeant and Ligand sell notes, and MyoKardia led recent follow-on offerings.

Finance Watch

Three more biopharmaceuticals firms have gone public in the US – Kiniksa Pharmaceuticals Ltd., Scholar Rock Holding Corp. and Iterum Therapeutics PLC – bringing the May total to six initial public offerings and prompting other drug developers to enter the IPO queue despite flat returns for biotechnology stocks.

The Nasdaq was up about 6% year-to-date as of May 25, but the Nasdaq Biotechnology Index is holding steady with a gain of just 0.6% so far in 2018

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Finance Watch: Deerfield Closes $600m-Plus VC Fund; Gates Speeds Up Health Investments

 
• By Mandy Jackson

Private Company Edition: Deerfield’s third innovations fund will back therapeutics and other opportunities, the Gates Foundation – a sometimes funder of biotech firms – will spend $200bn over the next 20 years, and NewLimit raised a $130m series B round, among other financings.

HAYA Raises $65m To Take First Long Non-Coding RNA Program Into The Clinic

 
• By Mandy Jackson

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Sanofi R&D Head’s Words Of Wisdom For Biotechs

 
• By Kevin Grogan

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Switzerland Biopharma To Stay Strong Despite More Cash Going To US And China

 
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The sector is continuing to show resilience despite financial and market challenges.

More from Business

Finance Watch: Deerfield Closes $600m-Plus VC Fund; Gates Speeds Up Health Investments

 
• By Mandy Jackson

Private Company Edition: Deerfield’s third innovations fund will back therapeutics and other opportunities, the Gates Foundation – a sometimes funder of biotech firms – will spend $200bn over the next 20 years, and NewLimit raised a $130m series B round, among other financings.

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Viatris Will File ‘Fast-Acting’ Meloxicam For FDA Approval This Year

 
• By Joseph Haas

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