OS Therapies Incorporated launched the 14th biopharmaceutical company initial public offering in the US in 2024 on 31 July, selling 1.6 million shares at $4 each to gross $6.4m in the smallest IPO so far this year. The funding will be enough to support clinical development of its lead osteosarcoma drug candidate, advance its antibody-drug conjugate (ADC) platform and fund other drug discovery and development activities plus administrative expenses.
Finance Watch: OS Therapies Raises $6.4m In Year’s 14th Biopharma IPO In The US
Verastem Grosses $55m For Future Commercial Efforts
Public Company Edition: OS Therapies launched this year’s smallest initial public offering, to fund its lead program in osteosarcoma. Also, Australian firm Telix, after opting out of a US IPO, grossed A$650m ($425.5m) from investors at home. Day One raised $175m in a private placement.
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