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Finance Watch: NGM Bio Is Second NASH IPO In Two Weeks

 
• By Mandy Jackson

Public Company Edition: NGM went public a week after Genfit, but endured a rockier start, trading below its IPO price. Also, Blueprint, Tricida and Sangamo launch large offerings after positive clinical and regulatory updates.

Finance Watch

NGM Biopharmaceuticals Inc. launched the 11th biopharmaceutical initial public offering in the US this year and was the second non-alcoholic steatohepatitis (NASH) drug developer to initiate an IPO in 2019, but the company's stock didn't fare as well as NASH company Genfit SA's shares a week earlier.

South San Francisco-based NGM Bio priced 6.67m shares at $16 each on April 3 to net $95.7m before the sale...

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More from Financing

Finance Watch: Lila Sciences Raises $235m To Refine Its AI Factories For Drugs And More

 
• By Mandy Jackson

Private Company Edition: Flagship’s Lila secures big series A cash six months after $200m seed funding announced in March. Also, Reunion Neuroscience increases its series A to $133m, Dualitas launches with $65m and Tasca grows its series A to $67m as its lead drug enters Phase I/II.

Ollin Launches With $100m, Two Eye Drugs And Plans To Acquire More

 
• By Mandy Jackson

The start-up, which spent two years operating in stealth mode, has a clinical-stage anti-VEGF/Ang2 drug to rival Roche’s Vabysmo, and is on the hunt for additional ophthalmology assets.

GSK Unveils Multi-Billion US Investment As Trump Visits UK

 
• By Andrew McConaghie

The UK-headquartered company is investing heavily in the US, with CEO Emma Walmsley among business leaders greeting President Trump on his state visit to the country.

Finance Watch: LB Pharmaceuticals Launches Second-Largest Biopharma IPO Of 2025 In The US

 
• By Mandy Jackson

Public Company Edition: The neuropsychiatric disease-focused firm grossed $285m in the first IPO in the US above $100m since February. Also, Avidity raised $600m in a follow-on offering, Alnylam priced a $575m note sale and Propanc joins MEI in biopharma’s cryptocurrency ranks.

More from Business

Why India Revoked The Entresto Patent And Novartis Abstained From Proceedings

 
• By Anju Ghangurde

India revokes Novartis's patent pertaining to Entresto, upholding the objections of opponents including the Indian Pharmaceutical Alliance on lack of novelty and prior claiming, among others. Novartis decided against participating in the hearings.

Quick Listen: Scrip’s Five Must-Know Things

 
• By Ian Haydock

In this week's episode: GSK announces US investments during Trump’s UK visit; Lilly thinks twice about UK lab investment; analyzing the rise in China R&D and deals; Regeneron CEO on his company’s ignored blockbusters; and AstraZeneca’s COPD trial failure.

Deal Watch: Biogen Acquires Intrathecal Delivery Specialist Alcyone

 
• By Joseph Haas

Plus deals involving Frame Bio/Mercury Bio, Arch Biopartners/Lidpro, Lilly/Remedium, Cadrenal/eXIthera, Vertex/Enlaza and more.