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Epiphany Biosciences, Inc.

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Public Company Edition: Neumora grossed $250m and RayzeBio raised $311m in the first initial public offerings since early August. Also, ImmunityBio completes $470m in equity and debt financings, Bausch + Lomb sells $1.4bn worth of notes and Arbutus is among firms making cuts to conserve cash.

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Acelyrin Goes From Float To Sink

A catastrophic late-stage clinical failure wipes 60% off the group’s value – and boosts a rival. 

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Finance Watch: Turnstone Biologics Launches 14th Biopharma IPO Of 2023

Turnstone’s initial public offering comes just one week after Apogee and Sagimet launched US IPOs. Also, Westlake Village BioPartners raised $450m for its third venture capital fund and argenx grossed $1.27bn in a post-Phase III follow-on offering.

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