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Finance Watch: Recent Upswing Turns Down, But Two Small IPOs Launch

Ocean Biomedical To Go Public Via SPAC Merger

Executive Summary

Shuttle Pharmaceuticals and PaxMedica launch two small initial public offerings in the US as the market awaits a significant IPO. Also, Assertio closed a $70m follow-on offering, Codiak restructures and cuts jobs, and Vilya emerges with $50m in series A venture capital. 

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