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Finance Watch: Fundraising Shows Preference For Later-Stage Companies

APRINOIA Opts To Go Public Via SPAC Merger

Executive Summary

Recent financings, including the $150m launch of Pathalys and a planned $100m IPO for Mineralys, illustrate the reality of biopharma funding in 2023 – that having near-term clinical trial milestones are key to fundraising this year. Companies with dwindling cash are conserving the funds they have left.

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