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Autoimmune biotech Odyssey Therapeutics withdraws $100 million IPO

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Odyssey Therapeutics, a Phase 2-ready biotech developing precision therapies for autoimmune diseases, withdrew its plans for an initial public offering on Monday. It originally filed in January 2025 with a proposed deal size of $100 million. Focused on...read more

Biotech bust: 2024 biotech IPOs average a -52% return

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Last week, GPCR biotech Septerna (SEPN) plummeted 47% after halting its lead candidate’s Phase 1 trial, just four months after the IPO. It’s far from the only recent biotech IPO to trade down substantially. ...read more

US IPO Week Ahead: IPO market set to end February on a quiet note

KMTS

Updated Monday, 2/24. While the calendar looks quiet for the week ahead, some small deals may join late. Singapore healthcare practice Basel Medical (BMGL) is tentatively scheduled to raise $10 million at an $83 million market cap. Through its two...read more