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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