Tolmar Pharmaceuticals, Inc.
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California biotech also notes prior licensing deal with Gilead for mitochondrial candidate. Twentyeight-Seven acquires RNA-splicing cancer candidate from Basilea.
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The 14 biopharma firms that went public during the first half of the year generated a 25% average return, helped by an outlier whose value rose 585%. Excluding Belite Bio, the -18% return for the IPO class of 2022 is more representative of current market realities.
Bausch Health is paying down its debt with a $630m IPO for its Bausch + Lomb eyecare product business.
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