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Finance Watch: Summer Slowdown Nears Its End With Strategic Shifts And IPO Hopes

 
• By Mandy Jackson

Merrimack's wind-down continues with an activist challenge, but investors approved the Vical/Brickell Biotech reverse merger. Also, the past month's IPO slump may reverse course and HiFiBiO's $67m Series C leads recent financings.

Finance Watch

Strategic shifts by Merrimack Pharmaceuticals Inc. and Vical Inc. took different turns during the last week of August, which was predictably quiet ahead of the long Labor Day weekend in the US in terms of new biopharmaceutical company financings.

Publicly-traded infectious disease specialist Vical announced on 30 August that the company's reverse merger with private dermatology drug developer Brickell Biotech Inc. was approved by Vical shareholders

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