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Finance Watch: PTC Secures Up To $1bn In Funding From Blackstone

Public Companies Seek Alternative Financing Options

Executive Summary

Public Company Edition: PTC will get $350m up front as part of an initial $500m commitment. Also, while Biohaven and Vaxcyte launched traditional follow-on offerings, Recursion and Agios took the private placement and royalty sale routes, while others revealed job cuts and other strategic updates. 

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