As observers eagerly await its listing on the US NASDAQ tomorrow (5 May), Acelyrin, Inc. has significantly upped the size of its initial public offering ahead of entry into the hot market of hidradenitis suppurativa (HS) and other lucrative immunology indications.
Acelyrin Enters The Spotlight As NASDAQ Debut Dawns
Raising $540m
The US biotech intends to use the proceeds from its upcoming IPO to advance lead candidate izokibep, an interleukin-17A inhibitor that is showing potential as a treatment for hidradenitis suppurativa.
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