BioNotebook: Xoma, Endo, Adamis, CymaBay, Theratechnologies
This article was originally published in Scrip
Executive Summary
Xoma offering will gross $50m; Endo sells notes to refinance debt; Adamis splits stock, raises $22.1m; CymaBay closes $38.2m in financing; and Theratechnologies regains Egrifta.
You may also be interested in...
Finance Watch: Is The IPO Boom Making Anyone Nervous Yet?
Public Company Edition: Is the IPO bubble getting ready to burst? It's anybody's guess, but biopharma companies are forging ahead, having launched 11 first-time offerings during the past week and a half. Also, Heron leads recent follow-on offerings with a $200m stock sale to fund what may soon be its third commercial product.
Finance Watch: Pfizer Adds $3.5bn To Cash Stockpile, Reduces Stake In Haleon
Public Company Edition: Pfizer’s stake in Haleon dropped from 32% to 22.6% with a massive sale of shares of the GSK consumer health spinout. Also, Galderma prices its Swiss IPO, Madrigal grosses $600m in a post-approval offering and bluebird secured up to $175m in debt.
Finance Watch: Another Bevy Of VC Mega-Rounds, Including $175m For Capstan
Private Company Edition: Capstan and Engrail raised $175m and $157m, respectively, in series B venture capital rounds in addition to Madrigal’s $400m-plus launch and Clasp’s $150m series A.