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Stock impact report

Aardvark prices $94M IPO to fund Prader-Willi, obesity drug work [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
BioPharma Dive · Michael M. Santiago via Getty Images Ben Fidler Thu, February 13, 2025 at 12:08 AM GMT+1 3 min read This story was originally published on BioPharma Dive . To receive daily news and insights, subscribe to our free daily BioPharma Dive newsletter Dive Brief: Aardvark Therapeutics on Wednesday night raised $94 million in an initial public offering that will support development of hunger-suppressing drugs for the rare disease Prader-Willi syndrome and obesity-related conditions. The biotechnology startup sold 5.9 million shares at $16 apiece in the offering, roughly in line with what it had outlined in a regulatory filing last week. It will start trading on the Nasdaq stock exchange Thursday under the ticker “AARD.” The offering is the fifth new stock issuance by a biotech this year this year, according to BioPharma Dive data . IPO activity has increased across sectors, too: January's total of 17 U.S. IPOs outpaced the ten-year historical average, re Show less Read more
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