News of Note—Clementia IPO; Eloxx series C; Collidion-Plex stake

Investment is the name of the game in today's news of note.

> Following on from a spate of biotech public offerings in recent months, ultrarare bone disease biotech Clementia has priced its IPO at the high end at $15 a pop, bringing in a chunky $120 million. Insiders bought about a quarter of the shares. The Canadian biotech plans to use the cash to bankroll late-phase trials of an oral retinoic acid receptor gamma agonist it licensed from Roche. Release

> Eloxx Pharmaceuticals has gained an additional $8 million investment by LSP, a healthcare investor, boosting its series C to $38 million. The funds will be put toward its work on genetic diseases caused by nonsense mutations. Statement

> And it's money news galore as Collidion and Plex Pharmaceuticals have penned a new deal that sees Collidion get its hands on an 80% equity stake in Plex in exchange for an “undisclosed amount of cash and contributing a novel drug asset under development.” The pact also sees Collidion give “management and operational support” as Plex works on meds for Parkinson's disease, glioblastoma and cataracts. Release


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