Andrew Hirsch, C4 Therapeutics CEO

C4's An­drew Hirsch blows up IPO to $182M, while on­colyt­ic virus up­start nabs $87M of­fer­ing

On Fri­day, Mass­a­chu­setts-based biotechs C4 Ther­a­peu­tics and On­corus be­came the lat­est to jump on­to Nas­daq.

Less than a month af­ter be­ing tapped as C4 Ther­a­peu­tics’ new CEO, Bind and Agios vet An­drew Hirsch is march­ing the biotech to Wall Street with an up­sized IPO.

C4, which ini­tial­ly filed for $100 mil­lion, priced 9.6 mil­lion shares at $19 mil­lion apiece, net­ting $182.4 mil­lion. The pro­ceeds will be used to push the com­pa­ny’s first pro­tein degra­da­tion can­di­dates in­to the clin­ic, ac­cord­ing to an S-1/A fil­ing.

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