trending Market Intelligence /marketintelligence/en/news-insights/trending/LBOcBz_j-mS-Cgp3dWVUfg2 content esgSubNav
In This List

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

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


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.