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Finance Watch: Here Come The IPOs Again As Bellus Raises $70m And Vir Joins The Queue

 
• By Mandy Jackson

Public Company Edition: Bellus launched the first biopharma IPO in the US since mid-July and Vir Biotechnology, run by former Biogen CEO George Scangos, wants to raise $100m. Also, Turning Point's $202.5m offering and Zafgen's strategic review.

Finance Watch

Canada's Bellus Health Inc. launched an initial public offering in the US on 5 September, raising $70m in the first US IPO by a biopharmaceutical company since 17 July.

Even while biopharma IPOs came to a standstill in the latter half of the summer, companies continued to file paperwork with the US Securities and Exchange Commission (SEC) in support of future offerings. The latest drug developer to join the queue is Vir Biotechnology Inc

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