Bicycle’s $555M placement; Tango Therapeutics scraps cancer program
2024-05-23
IPO
Plus, news about Sanofi, XGEN Ventures, Owkin and Idorsia:
Bicycle Therapeutics to raise $555M in one of the biggest PIPEs of the year:
The company’s stock
$BCYC
was up 20% on Thursday morning after it announced the
stock sale
to healthcare investors, which included Deep Track Capital, EcoR1 Capital, Fairmount Capital, Forbion, Perceptive Advisors and RA Capital Management. Bicycle is set to present
two
posters at the upcoming ASCO meeting, which is the biggest cancer conference of the year. Abstracts are set to drop on Thursday evening. Bicycle declined to comment on whether the investors saw its ASCO data.
— Lei Lei Wu
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