Zoetis IPO values Pfizer animal health business at up to $15.8bn
This article was originally published in Scrip
Executive Summary
Pfizer priced the initial public offering of 86.1 million shares of its animal health business, which will be spun out in a new company called Zoetis, at $22 to $25 per share in an amended S-1 form filed with the US Securities and Exchange Commission (SEC) on 17 January, valuing the company at about $11.8 billion at the mid-point of its price range, or $23.50 per share.
You may also be interested in...
Amgen Hands Omecamtiv Back To Cytokinetics
While Amgen said the Phase III GALACTIC-HF results for omecamtiv mecarbil did not meet its high expectations for the heart failure candidate, Cytokinetics sees a path to treating certain patients.
Finance Watch: Olema IPO Raises $209m To Advance OPI-1250 For Breast Cancer
Olema launched this year’s 76th US biopharma IPO. Also, investments in regenerative medicines reached a new high, Qiming closed a $1.2bn China-focused VC fund, D3 Bio led recent venture deals with a $200m round, and Bausch sold $2bn worth of notes to pay down near-term debts.
Imago Raises $80m Series C To Take Bomedemstat Into Phase III
The $80m financing will support a Phase III myelofibrosis study for the LSD1 inhibitor and earlier-stage programs, but additional late-stage studies will require an initial public offering, likely next year.
Need a specific report? 1000+ reports available
Buy Reports