Exceptional support of the entire drug discovery and development process is a Charles River hallmark. As a customer-focused organization committed to advancing science and helping clients reach their goals, we continually strive to develop solutions that extend our support of their efforts. Because our industry-seasoned professionals have followed the same journey as our clients, we can provide insight into the bigger picture, advice on best practices, skilled staff to extend resources and targeted training to meet the unique challenges they face along the way.
Apellis Pharmaceuticals, which is developing a novel protein inhibitor for autoimmune and inflammatory diseases, announced terms for its IPO on Monday.
The Crestwood, KY-based company plans to raise $150 million by offering million shares at a price range of $13 to $15. Insiders intend to purchase $70 million worth of shares in the offering (47% of offering). At the midpoint of the proposed range, Apellis Pharmaceuticals would command a fully diluted market value of $750 million.
Another biotech targeting autoimmune and inflammatory diseases, InflaRx ( IFRX ), also launched on Monday morning.
Apellis Pharmaceuticals was founded in 2009 and plans to list on the Nasdaq under the symbol APLS. Citi, . Morgan and Evercore ISI are the joint bookrunners on the deal. It is expected to price during the week of November 6, 2017.