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Finance Watch: Stark Contrast As Big FOPOs Reach Market, Other Firms Cut Costs

Good News Lifts Some Companies’ Valuations

Executive Summary

Public Company Edition: Arvinas grossed $350m in a private placement, while Xenon brought in $345m and Pharvaris raised $300m in follow-on public offerings. Fundraising remains challenging, however, so IGM Biosciences, Hansa Biopharma and other companies cut costs to save money.

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