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Home » Cytomed squeaks out $9.6M in a near-frozen IPO market
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Cytomed squeaks out $9.6M in a near-frozen IPO market

April 18, 2023
By Karen Carey
During what has become one of the slowest IPO years in recent memory, cancer immunotherapy company Cytomed Therapeutics Ltd. debuted on Nasdaq, raising $9.65 million, while inflammatory disease firm Acelyrin Inc. filed to list its stock for a potential $100 million. Up to this point, there were only six biopharma IPOs completed this year – the fewest since 2013. Cytomed, which priced 2.4 million shares at $4 apiece, is now the seventh for 2023, and the fifth on Nasdaq. Two other IPOs have closed on Chinese markets.
BioWorld Asia Financings Cancer IPO

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