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Finance Watch: US, Hong Kong IPOs Are Hot, But Sirnaomics Stays Private

The US- And China-Based Firm Raised A $105m Series E Round

 
• By Mandy Jackson

Private Company Edition: Sirnaomics planned to go public after its series D, but its new venture capital does not prevent it from doing so in the near term. Also, Vida Ventures and Novalis Biotech raised new VC funds to back start-ups and ArriVent launched with up to $150m in series A cash.

Finance Watch

Biopharmaceutical companies are entitled to set a path forward and then change course, just like anyone else, so it should not come as a surprise that Sirnaomics, Inc. reassessed its financing options and chose a different road than it planned to travel down last year.

The company said back in October when it raised a $105m series D venture capital round that it was preparing for an initial public offering to further fund its development of RNAi therapeutics for cancers, viral infections, fibrosis and metabolic diseases

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