Upstream Bio goes public amid spate of IPOs

19 September 2024

Upstream Bio, a clinical-stage biotechnology company, has filed for an initial public offering, listing on the Nasdaq under the ticker symbol "UPB."

The planned IPO is part of a larger trend of significant biotech listings, following Bicara Therapeutics (Nasdaq: BCAX), Zenas BioPharma (Nasdaq: ZBIO), and MBX Biosciences (Nasdaq: MBX).

Launched in 2022 with a focus on novel therapies for respiratory diseases, Upstream raised $200 million in a series A funding round and secured a similar amount approximately a year later in a series B round.

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