A dry-powder lung disease drug and next-gen antibiotics: Two biotechs and an $880M slate of SPACs land on Wall Street with big ideas
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Another couple of biotech companies and four SPACs are hitting Wall Street, adding to yet another busy week for IPOs.
Aerovate Therapeutics is taking its dry-powder version of a popular cancer drug public, raking in more than $121 million. Acurx Pharmaceuticals snared a modest $14.8 million raise to tackle the looming threat of antimicrobial resistance. And Chamath Palihapitiya, the so-called ‘SPAC King,’ has rounded up $880 million across four blank check companies.
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