PRISM BioLab got away a successful initial public offering on 2 July on the Tokyo Stock Exchange's Growth Market for venture firms, raising close to $12m for the drug discovery-focused Japanese bioventure.
PRISM BioLab Completes Successful Tokyo IPO On Back Of Multiple Partnerships
Raises $11.5m
The Japanese drug discovery bioventure builds on multiple alliances and an in-house platform to get away a successful IPO in Tokyo, which it will use to fund further pipeline and technology development.

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The latest in a long line of restructuring measures will see Sumitomo Pharma making a stepped sale of its pharma operations in Asia to major Japanese trading house Marubeni.
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