Biotech pharmaceuticals steroids

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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.

Biotech pharmaceuticals steroids

biotech pharmaceuticals steroids

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