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The market for biotech IPOs is red hot — here are the top 10 of 2018
IPO Proceeds: $241.1 million
Date of IPO: 7/18/18
Rubius Therapeutics uses reprogrammed red blood cells to treat conditions like cancer. It's also developing enzyme replacement therapies for rare conditions where a person can't make a particular enzyme in their body. The Cambridge-based company recently opened a manufacturing facility in Smithfield, Rhode Island.
Get the latest Rubius Therapeutics stock here.
IPO Proceeds: $222.3 million
Date of IPO: 6/28/18
Tricida is developing therapeutics to treat renal, metabolic and cardivascular disease. Its lead product is an oral drug designed to treat metabolic acidosis in patients with chronic kidney disease.
Get the latest Tricida stock here.
IPO Proceeds: $207.8 million
Date of IPO: 4/19/18
MorphoSys is developing antibodies for cancer, Alzheimer's Disease, infectious diseases, cardiovascular diseases, and inflammation. MorphoSys has collaborated with partners and developed more than 100 product candidates, of which 29 are currently in clinical development.
Get the latest MorphoSys AG stock here.
IPO Proceeds: $152.6 million
Date of IPO: 5/24/18
Kiniska Pharmaceuticals develops drugs targeting autoinflammatory and autoimmune disease. Its atopic dermatisis drug KPL-716 showed positive results in a phase I trial.
Get the latest Kiniksa Pharmaceuticals stock here.
IPO Proceeds: $150 million
Date of IPO: 6/22/18
Autolus Therapeutics develops CAR-T cell immunotherapies for blood and solid tumor cancers. It expects to report proof-of-concept data from five programs in 2019.
Get the latest Autolus Therapeutics stock here.
IPO Proceeds: $144 million
Date of IPO: 3/28/18
Homology Medicines wants to treat genetic diseases using viruses instead of CRISPR. Its human hematopoietic stem cell-derived adeno-associated virus vectors (AAVHSCs) is designed to deliver genetic medicines through a gene therapy or nuclease-free gene editing modality across a broad range of genetic disorders.
Get the latest Homology Medicines stock here.
IPO Proceeds: $140 million
Date of IPO: 9/26/18
Urovant Sciences develops therapies for urologic conditions. Its lead product is vibegron, an oral drug for overactive bladder, overactive bladder in men with benign prostatic hyperplasia, and pain associated with irritable bowel syndrome. The drug is currently in a phase III trial, and results are expected in 2019. The company has support from its parent firm, Roivant.
Get the latest Urovant Sciences stock here.
IPO Proceeds: $128.4 million
Date of IPO: 7/19/18
Allakos develops antibodies that act against immune cells involved in allergic, inflammatory, and gastrointestinal diseases. Its lead product AK002 is being tested in a phase II trial for the treatment of eosinophilic gastritis. It's also being tested in the treatments of chronic urticaria, indolent systemic mastocytosis, and severe allergic conjunctivitis.
Get the latest Allakos stock here.
IPO Proceeds: $128 million
Date of IPO: 1/26/18
ARMO Biosciences was acquired by Eli Lilly and Co. in May for $1.6 billion just a few months after going public. ARMO has a pipeline filled with immuno-oncology products in various stages of development. Its lead product is Pegilodecakin, which is in phase III trial for treating pancreatic cancer.
Get the latest Eli Lilly stock here.
IPO Proceeds: $125 million
Date of IPO: 1/26/18
Solid Biosciences develops treatments for Duchenne muscular dystrophy. It's focused on developing treatments to address four different aspects of the disease: Corrective Therapies, Disease-Modifying Therapies, Disease Understanding and Assistive Devices.
Get the latest Solid Biosciences stock here.
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