Biopharmaceutical companies continue to buck the broader trend of initial public offerings being on hold with ORIC Pharmaceuticals Inc. as the latest company to launch an IPO despite ongoing economic uncertainty tied to the COVID-19 pandemic.
Finance Watch: ORIC Raises $120m In Another Pandemic Era Biopharma IPO
Public Company Edition: ORIC’s initial public offering is the third by a drug developer in April and the 12th in 2020. Also, Pluristem garnered €50m from the European Investment Bank.
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Private Company Edition: The latest group of drug developers to announce venture capital financings is remarkable for its geographic diversity, from Character Biosciences’ $93m series B round in the US to Augustine’s $85m series B in Belgium to a $29.2m series C for Aculys in Japan.
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