Pyxis Oncology secures $168 million in upsized IPO
Cambridge, Massachusetts, USA-based biotech Pyxis Oncology (Nasdaq: PYXS) made its public debut on Friday after announcing an upside initial public offering IPO), raising $168 million at $16 a share.
Germany’s Bayer (BAYN: DE) and US pharma giant Pfizer (NYSE: PFE) have both invested in the company alongside high-profile biotech investors.
This IPO builds on the momentum the company has gained after exiting stealth mode this year with a one-two punch in March, including a significant in-licensing agreement with Pfizer and a hefty series B financing.
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