trending Market Intelligence /marketintelligence/en/news-insights/trending/LBOcBz_j-mS-Cgp3dWVUfg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Alzheimer's-focused drug company Alzheon nixes US IPO plans again

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Alzheimer's-focused drug company Alzheon nixes US IPO plans again

Alzheon Inc., a drugmaker developing a therapy for Alzheimer's disease, canceled its planned IPO of common shares on the Nasdaq Global Market.

The Framingham, Mass.-based biopharmaceutical company previously planned to sell 2.5 million common shares at $13 to $15 per share in an IPO on the Nasdaq Global Market. The offering is the second going-public plan the company has cancelled after it withdrew its $80.5 million IPO in May 2018.

Alzheon originally planned to use the IPO proceeds for the phase 2b clinical development of its lead product candidate for Alzheimer's disease, ALZ-801.