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Stock impact report

Bicara Therapeutics closes $362m IPO in flurry of biotech listing activity [Yahoo! Finance]

Artiva Biotherapeutics, Inc. (ARTV) 
Company Research Source: Yahoo! Finance
The US company outlaid 20,125,000 shares of its common stock at a public offering price of $18 per share, including a further 2,625,000 shares issued for underwriters, as per a 16 September press release, offering a sign of positivity to an undulating biotech listing sector. Bicara hit the Nasdaq trading boards under the ticker ‘BCAX' on Friday last week, where its shares opened at $26.25 – representing a 31% premium on the offer price. The stocks have dropped very slightly, settling at $25.41 at close on 16 September. Bicara twice upsized its IPO in recent weeks to bring in funds for a pivotal Phase II/III clinical trial of lead asset ficerafusp alfa in head and neck squamous cell carcinoma. Two other drug developers, Zenas BioPharma and MBX Biosciences, also debuted on Nasdaq last week, marking a flurry of activity in an otherwise quiet biotech IPO landscape. Autoimmune specialist Zenas raised $225m while MBX, which is investigating candidates in endocrine and metabolic indic Show less Read more
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