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This Week's Biotech Developments

Neon Therapeutics

Raises $100 Million

Neon Therapeutics made it into the big H1 group of biotech IPOs which have landed so far this year. Hopes of helping open a new chapter in cancer therapy with their brand of highly personalized neoantigen vaccines, along with plenty of insider support got them out of the gate on Nasdaq at $16 a share - landing in the middle of the range with a $100 million raise. The biotech will start trading as $NTGN. Learn More

GW Pharma's Epidiolex

The FDA approves the first cannabinoid and gives a green light to GW Pharma's Epidiolex for rare seizures. GW Pharma $GWPH finished its layup at the FDA today with Epidiolex, grabbing its first ever marketing okay for one of its cannabinoid drugs and setting up the biotech for a major shift toward commercialization. Learn More

Biotech IPO burst as 5 more crash the party looking for $547M

This is a major step forward in the agreement for cannabis based therapeutics and sets up the entire cannabis industry for a major shift toward commercialization. I daresay this is groundbreaking and will require the US to potentially re-examine its stance on cannabis as a Schedule I drug.

What you need to know about this record-setting biotech IPO burst as 5 more crash the party looking for $547M.

A half-dozen companies raised $718 million last week. 4 are now out to raise $500 million this week and 5 filed on 6/22 for $547 million, does the market have bandwidth for $1.8 billion more in biotech paper ???? I think it will be interesting to see how it plays out. Is it a coincidence that these IPOs come after the most active period of investing that the industry has ever seen? Learn More


Last week we talked about interesting scientific data looking at the microbiome. This week we see Flagship's Kaleido, a food-sourced micro biome drugs development company, close on $101 million to push its pipeline through the clinic. Congrats to Noubar for this effort! Learn More

Roche $2.4B deal to buy out Foundation Medicine

Roche finally did what we expected them to do 5 years ago, buy Foundation Medicine. Remember, Roche paid $1.0 billion for 56% of Foundation. This offer represents a value for Foundation at $5.3 billion, so it makes me wonder what Roche sees here? Learn More

At Katan we create strategies that permit technology based companies to achieve their full commercial value. Katan is not a traditional strategic consulting firm. Because we work with a carefully selected group of clients each year, our role with our client companies goes far beyond a simple evaluation or the completion of a single transaction. We invest the time needed and effort required to know management, to understand the business, and most importantly, to shape the implications of the strategies which we help to implement. Overall, we seek to build long-term relationships through our value contribution. Katan's operational and capitalization strategies for Life Sciences companies have been delivered on a successful basis for over a decade.


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