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Finance Watch: Rough US Stock Market Doesn't Stop Biopharma IPOs As Six More Go Public

 
• By Mandy Jackson

October has not been kind to biotech stocks, but that hasn't stopped drug developers from launching IPOs in the US. Also, Takeda reconfigures debt ahead of Shire deal and other offerings.

Finance Watch

Eight biopharmaceutical firms have gone public in October, despite a sharp decline in stock values with the Nasdaq Biotechnology Index (NBI) falling 14.6% in the past month.

Orchard Therapeutics Ltd., Gamida Cell Ltd., LogicBio Therapeutics Inc., PhaseBio Pharmaceuticals Inc., Osmotica Pharmaceuticals PLC, and Equillium Inc. launched initial public offerings during the second half of the month, following Kodiak Biosciences Inc. and Allogene Therapeutics Inc. – the largest biopharma IPO of the year – earlier in October

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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

 
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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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