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BioWorld - Wednesday, July 29, 2026
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Home » One IPO exits, another files as biotechs weigh year-end pricings
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One IPO exits, another files as biotechs weigh year-end pricings

Nov. 6, 2014
By Marie Powers
Another biotech squeaked through the initial public offering (IPO) door Wednesday, as Xenon Pharmaceuticals Inc. priced 4 million shares at $9 to raise a smallish $36 million. But the IPO queue remained at three dozen companies after Inotek Pharmaceuticals Corp. entered as fast as Xenon could exit. The Lexington, Mass.-based biotech, which is developing a small molecule eye drop therapy to treat glaucoma, is seeking to raise up to $86 million, including overallotments, and plans to offer another $46 million in five-year convertible debt concurrent with the IPO.
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