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Saturday, November 21, 2020

Thiel-backed Antibody therapy developer AbCellera seeks up to $200M in IPO

Peter Thiel-backed biotech developer AbCellera Biologics Inc, which has partnered with Eli Lilly for its COVID-19 antibody drug, on Friday filed for an initial public offering on the Nasdaq.

The listing plan from the Canadian firm comes at a time of strong demand for new biotechnology stocks, with almost half of the U.S. IPOs in 2020 coming from the healthcare sector, according to data from IPOScoop.

https://www.reuters.com/article/abcellera-ipo/update-1-thiel-backed-antibody-therapy-developer-abcellera-files-for-u-s-ipo-idUSL4N2I63RQ

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