Plenty of IPO news today in biotech today. Here it is in a nutshell:
- Jazz Pharmaceuticals, which made a name for itself gathering a huge amount of venture capital, has filed an IPO designed to raise $137 million through the sale of six million shares. The money is earmarked for the launch of its OCD drug Luvox CR along with late-stage trials of its pain drug JZP-6 as well as new research into other programs. Jazz raised $265 million from venture groups.
- Amicus Therapeutics has priced its IPO of 5 million shares at $14 to $16 a share.
- And Eurand has priced its IPO of seven million shares at $16 per.