Hot on heels of a positive PhIII, Ablynx files $150M IPO; Shire sues Allergan over dry eye drug rivalry

→ After watching its European share price surge {$ABLX BB} yesterday on positive Phase III data, Ablynx feels it’s perfect timing for an IPO on Nasdaq. The Belgian biotech is looking to raise around $150 million at a time a growing number of European biotechs have been finding a warm welcome on the exchange. The group is pushing a new drug for acquired thrombotic thrombocytopenic purpura, or aTTP.

→ An increasingly litigious Shire has now sued Allergan, claiming the rival violated antitrust laws in blocking patients from receiving its dry eye disease drug.

→ Intra-Cellular Therapies $ITCI has raised $150 million from the sale of stock.

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