An­oth­er biotech IPO boast­ing a phar­ma castoff rings the bell on Wall Street with $75M haul

Mer­sana made the IPO leap $MRSN yes­ter­day and quick­ly saw its share price sink a dol­lar on its first day of trad­ing. But that won’t stop the line of ex­ecs ready to make the jump too.

Tues­day night Do­va Phar­ma­ceu­ti­cals crashed the par­ty with a $75 mil­lion haul af­ter sell­ing an up­sized batch of 4.4 mil­lion shares at $17 – the high end of the range. And Aileron fol­lowed up by pric­ing 3.75 mil­lion shares at $15, rais­ing $56 mil­lion as it pre­pared to launch $AL­RN in­to trad­ing to­day.

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