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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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