Days after an FDA approval for its psoriasis drug, Arcutis looks to raise $150M in public capital
In this bearish market, public companies have raced to investors primarily only after showing impressive clinical data or reaching other prominent milestones. And as the IPO window remains shut, the newest company to hop on the bandwagon is Arcutis Biotherapeutics.
The California-based company announced Thursday a public offering of $150 million in shares of its common stock. The news comes days after Arcutis won FDA approval for its phosphodiesterase-4 (PDE4) inhibitor roflumilast, marketed as Zoryve, in plaque psoriasis for children and adults ages 12 and up.
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