BioNotebook: A buoyant bunch of biotech stock sales, plus more IPO terms
This article was originally published in Scrip
Investor reactions were mixed on 23 January for biotechnology companies that priced stock offerings to take advantage of recent and substantial increases in their share values.
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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.
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.