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Finance Watch: Inhibikase IPO Brought 2020 US Total To 86

 
• By Mandy Jackson

Public Company Edition: The new year started with two companies signaling plans for significant near-term initial public offerings, following Inhibikase’s launch as the last IPO of 2020. Other recent financial highlights include layoffs at Calithera and Regenxbio’s $200m Zolgensma royalty sale.

Finance Watch

Inhibikase Therapeutics, Inc. launched the last initial public offering of 2020 by a biopharmaceutical company, bringing the year’s total to 86 IPOs in the US. First-time offerings already are off to a strong start in 2021 with cancer drug developer Cullinan Management Inc. and chimeric antigen receptor T-cell (CAR-T) therapy firm Gracell Biotechnologies Inc. issuing proposed pricing for their forthcoming IPOs.

Atlanta-based Inhibikase raised $18m in one of the smallest first-time offerings by a biopharma firm in 2020, via the sale...

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