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Supernus Aims For IPO Backed By Unusual Royalty Deal

This article was originally published in Start Up

Executive Summary

CNS-focused Supernus Pharmaceuticals Inc. filed its intent to go public just before Christmas, making it the last biopharma to file in a year that ended with some cautious optimism about the IPO market. But Supernus stands apart from the year’s success stories in that most of its $157 million in financing in five years of existence has been non-dilutive. Thus, even if the company trims its offer price, investors are poised for a satisfying payoff.

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