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HBM Healthcare Investments AG
Share Issue/Capital Change • Nov 8, 2021
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Share Issue/Capital Change
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Corporate | 8 November 2021 06:46
HBM Healthcare Investments benefits from the IPO of portfolio company IO Biotech
EQS Group-News: HBM Healthcare Investments AG / Key word(s): IPO
08.11.2021 / 06:46
IO Biotech (Nasdaq: IOBT), a so far privately held company in the HBM Healthcare Investments portfolio, issued 7.15 million new shares at a price of USD 14.00 per share in last Friday's IPO on the US Nasdaq, raising USD 100 million in new capital. On the first day of trading, the shares closed at USD 15.65 (+11.8%).
HBM Healthcare Investments has invested USD 23.2 million in IO Biotech since January 2021 and holds 2.37 million shares with a total value of USD 37.0 million after the IPO.
IO Biotech, based in Copenhagen, Denmark, is developing novel immune-modulating cancer therapies based on its T-win(R) technology platform. The T-win(R) platform is a novel approach to cancer immunotherapy designed to activate naturally occurring T cells to target immunosuppressive mechanisms. The company's lead candidate, IO102-IO103, received Breakthrough Therapy Designation from the FDA for the treatment of unresectable/metastatic melanoma and is about to start a phase 3 trial in combination with pembrolizumab.
Contact
For further information, please contact Dr Andreas Wicki on +41 41 710 75 77, or at [email protected] .
End of Media Release
| Language: | English |
| Company: | HBM Healthcare Investments AG |
| Bundesplatz 1 | |
| 6300 Zug | |
| Switzerland | |
| Phone: | +41438887171 |
| Fax: | +41438887172 |
| E-mail: | [email protected] |
| Internet: | https://www.hbmhealthcare.com |
| ISIN: | CH0012627250 |
| Valor: | 1262725 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1246818 |
| End of News | EQS Group News Service |