BioNotebook: Two deals, two offerings, seven IPO updates
This article was originally published in Scrip
Bind couples with Merck; Idera connects with DMD patients; Mast, CTI BioPharma price offerings; and three companies prices IPOs, including INC Research, a CRO.
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The strategy for both funds is to back companies with a preclinical drug candidate that can be advanced through clinical proof-of-concept with a mid-sized series A round.
Three firms launched initial public offerings during the first week of May, but Gyroscope postponed its IPO while Jasper, Science 37 and Roivant took the special purpose acquisition corporation route.
Given mixed Phase III results for the Alzheimer’s drug and potentially severe side effects for the once-monthly infused therapy, ICER’s recommendation came in below analyst expectations.