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Stock impact report

Aardvark prices $94.2m IPO to fund development of Prader-Willi syndrome drug [Yahoo! Finance]

Soleno Therapeutics, Inc. (SLNO) 
Last soleno therapeutics, inc. earnings: 5/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.soleno.life/investor-overview
Company Research Source: Yahoo! Finance
Aardvark Therapeutics is developing a therapy designed to activate certain gut receptors to prompt satiety and suppress hunger. Image credit: Shiv Pahal via Shutterstock. · Pharmaceutical Technology · Shiv Pahal via Shutterstock. Jenna Philpott Thu, February 13, 2025 at 7:16 PM GMT+1 3 min read Aardvark Therapeutics has raised $94.2m in an initial public offering (IPO) to support the development of its hunger-suppressing drug ARD-101 for the rare disease Prader-Willi syndrome. The US-based biotech sold just under 5.9 million shares at $16 each. The pricing was at the lower end of the company's expected range, which was between $16 and $18 apiece, according to a 6 February SEC filing. Aardvark will trade on the Nasdaq stock exchange under the ticker symbol “AARD”. Aardvark is developing hunger-suppressing treatments for Prader-Willi syndrome and obesity-related conditions. Its lead candidate, ARD-101, is an oral TAS2R agonist designed to activate bitter taste recepto Show less Read more
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