Paris-based GenSight would likely have been met with open arms on Nasdaq if it had filed for an IPO when biotech offerings and gene therapies were a hot commodity. Instead, it couldn’t fly in New York. But it has found a welcome reception closer to home on the (much smaller) Paris exchange. The biotech, run by serial entrepreneur Bernard Gilly, raised $44 million, according to a report from Reuters, pricing shares at 8 euros. Its syndicate included Novartis, Abingworth, Versant and Medixci. A year ago, GenSight was in the market for a $100 million IPO in the U.S. But times have changed.
The best place to read Endpoints News? In your inbox.
Full-text daily reports for those who discover, develop, and market drugs. Join 17,000+ biopharma pros who read Endpoints News by email every day.Free Subscription