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Finance Watch: Genfit Launches IPO To Expand US Presence Ahead Of Phase III NASH Results

 
• By Mandy Jackson

Public Company Edition: COO Dean Hum talked to Scrip about Genfit's IPO strategy – which wasn't just about raising money – as it anticipates Phase III elafibranor data later this year. Also, Precision BioSciences launches its IPO, while Myokardia, Dermira and Tricida lead new public company financings.

Finance Watch

Capitalizing on investors' interest in companies developing drugs for nonalcoholic steatohepatitis (NASH) as it awaits Phase III results for lead drug candidate elafibranor, Genfit SA went public in the US on March 26 at $20.32 per American depository share (ADS) and ended its first trading day up 9.1% at $22.17 on March 27.

Genfit Chief Operating Officer Dean Hum told Scrip that the main reason the French firm – which already trades on...

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