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Finance Watch: Five More Biopharma IPOs In The US Raise $624.7m

 
• By Mandy Jackson

Public Company Edition: Outside the US, Zai Lab raised more in its recent Hong Kong initial public offering – $766.4m – than PMV, Prelude, Taysha, Graybug and Greenwich combined. Also, Gilead priced debt to fund its $21bn Immunomedics buy and ADC Therapeutics raised $204m.

Finance Watch

Initial public offerings in the US have been remarkable across industries, but the biopharmaceutical sector has dominated in terms of the number of IPOs and the performance of newly issued stocks in the weeks and months to follow. 

PMV Pharmaceuticals, Inc., Prelude Therapeutics Incorporated, Taysha Gene Therapies, Inc., Graybug Vision, Inc. and Greenwich LifeSciences went public in the US on 24 September and four of the five firms still were trading in positive territory on 28 September

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Hengrui Set For Biggest Biopharma IPO So Far This Year

 
• By Dexter Jie Yan

Jiangsu Hengrui Pharmaceuticals is gearing up for what will be 2025's biggest biopharma IPO so far, hoping to raise up to $1.27bn on the Hong Kong Stock Exchange. China's top drug maker by pipeline size plans to use part of the proceeds to reboot its overseas clinical trials ambitions.

Finance Watch: Funding Alternatives Become The Norm In Tough Public Markets

 
• By Mandy Jackson

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Merck KGaA Braces For Volatility But Does Not Expect Europe To Budge On Pricing

 
• By Andrew McConaghie

Shares are hit as German conglomerate lowers revenue forecast.

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• By Anju Ghangurde

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