Neurogene has secured $200 million through a PIPE financing deal, extending its cash reserves into late 2027. The funds will support the development of NGN-401 for Rett syndrome and advance its pipeline, which includes a candidate for Batten disease. Following the announcement, shares surged 40%, bolstering expectations for positive interim results expected next week.
Septerna, a GPCR-focused biotech, raised $288 million in its IPO, pricing shares at $18 each, above the initial range. The company aims to advance its lead drug candidate, SEP-786, for hypoparathyroidism, with human testing underway and data expected in 2025. This marks a significant moment in a busy period for biotech IPOs, with Septerna being the 23rd this year.
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