Adarx Pharmaceuticals Raises $446.3 Million in Upsized US IPO
THE SO WHAT
A $446.3M upsized IPO for a late-stage gene therapy developer is another data point that public markets will still pay for deep science with clear clinical paths. If you’re building in therapeutics or platform biotech, this supports a financing path that blends non-dilutive partnerships with eventual public capital rather than perpetual private rounds.
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