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Finance Watch: Public Companies Pursue All Options To Fund R&D, Launches

Immunome, Morphimmune Merge, Close $125m PIPE

 
• By Mandy Jackson

Public Company Edition: Follow-on offerings may not be the favored path to funding development programs or product launches after major milestones in the current environment. Amicus secured $430m in a deal with Blackstone, while OPKO’s Modex garnered up to $168m from BARDA.

Finance Watch Public Company
• Source: Alamy

The usual pattern of reporting positive clinical trial results or winning US Food and Drug Administration approval then launching a large follow-on public offering (FOPO) has become less common under current financial market conditions, but biopharmaceutical companies are finding plenty of alternative ways to fund their next crucial clinical trials or product launches.

For instance, Amicus Therapeutics, Inc. won FDA approval on 28 September for Pombiliti (cipaglucosidase alfa-atga) and Opfolda (miglustat) for...

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Finance Watch: Just As The XBI Began Turnaround, Trump Upped MFN Pricing Threats

 
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Public Company Edition: The XBI fund attempted a correction midway through the week ending Aug. 1, but President Trump’s most favored nation drug pricing threats tanked valuations again. In financings, Leads Biolabs raised $189m in a Hong Kong IPO and Abivax closed a $747.5m FOPO.

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Finance Watch: Karyopharm Cuts Jobs In Cash Crunch; Pacira’s Layoffs Attributed To Efficiency

 
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• By Mandy Jackson

Frazier Life Sciences will invest 40%-50% of its new venture capital fund in new biopharma companies financed to develop preclinical drug candidates through clinical proof of concept and, hopefully, M&A.

Chinese Biotechs Raise New Funds On Potential First-In-Class Assets

 
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Finance Watch: MapLight’s Mega-Round Funds Exploration Of Its Cobenfy Competitor

 
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Private Company Edition: MapLight raised a $372.5m series D round to fund ongoing Phase II trials and investigation of additional indications for its M1/M4 muscarinic agonist. Also, Scrip spoke with Modi Ventures about its new fund.