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The Preclinical IPO Comeback Continues With Septerna’s $158m Goal

Septerna’s plans shows companies are once again daring to undertake IPOs without Phase I data – though share movements this year show many face a rough ride on the public markets.

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After a brief lull, the trend for biotech companies going public before they have generated clinical data looks well and truly back.

South San Francisco-based Septerna has just outlined its plans to raise $157

Key Takeaways
  • Septerna aims to join a handful of other biotech companies which have IPOd this year without clinical data in hand

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