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$90m IPO Sets Up Sweden's Calliditas For Phase III Readout

Biotech Sector Listings Defying Pandemic

 
• By Andrew McConaghie

The Stockholm-headquartered company has exceeded expectations with its IPO, and now faces the ‘big reveal’ for its lead asset Nefecon.

Going public
The Nasdaq IPO gears the company up for a US commercial focus

Swedish specialist pharma company Calliditas Therapeutics AB has exceeded expectations by raising $90m in an upsized initial public offering (IPO) on the NASDAQ exchange.

The flotation is a success for the company, which had been aiming to raise $75m with the IPO. The funds...

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