Revolution has just one drug in the clinic, but its focus on KRAS excited IPO investors. Also, Deciphera’s $175m offering leads recent follow-ons and Spruce raises $88m in venture capital.
Revolution Medicines Inc. continued this year’s biopharmaceutical initial public offering trend by closing well above its IPO price on its first day of trading. In fact, investors have been so intrigued by the company’s pipeline of KRAS inhibitors for the treatment of cancer that they’ve pushed Revolution’s stock price higher almost every day since the offering.
The Redwood City, CA-based company priced its IPO on 12 February at $17 per share – the high end of...
While there may be the beginnings of a turnaround in biopharma capital markets, gains in the cell and gene therapy space may lag the broader sector recovery, noted speakers at ARM’s Cell and Gene Meeting on the Mesa.
The France-based firm shrugs off the disappointment of the FDA's suspension of Ixchiq.
Restructuring Edition: Takeda’s shift away from cell therapies will impact 137 employees. Meanwhile, Bolt is cutting its workforce by 50% to extend its cash runway into 2027, Innate’s staffing will drop by 30% and X4 will halve its workforce under a restructuring plan.
India rolls out amended R&D financial assistance plan targeting certain ‘priority areas’ and calls for proposals from industry and startups. While the corpus is modest, the scheme hopes to enable the ‘Innovate in India’ ecosystem and includes a co-funding provision.
The company announced positive Phase II data for umedaptanib pegol and plans to move it into Phase III development in fiscal year 2026.
The France-based firm shrugs off the disappointment of the FDA's suspension of Ixchiq.
Raising UK drug prices and offering lower list prices only to those US patients who are under- or uninsured were the industry’s initially cosmetic answers to the administration’s most favored nation drug pricing challenge. Then Pfizer stepped in.
