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ArriVent Completes $175 Million NASDAQ IPO to Bring Assets from China to the US

publication date: Jan 26, 2024

ArriVent BioPharma, a Philadelphia in-licensing company, priced its upsized NASDAQ IPO at $18 dollars per share, raising $175 million. The company’s stated goal is to find promising novel assets from China and other countries, which it brings to the US market. ArriVent’s lead product is furmonertinib, an EGFR TKI with best-in-class potential that it acquired from Shanghai's Allist Pharma. ArriVent has also partnered with San Francisco’s Aarvik Therapeutics to discover a novel molecule for an unspecified target. Much of ArriVent’s funding came from China investors including Hillhouse, Lily Asia and OrbiMed. MOre details....

Stock Symbol: (NSDQ: AVBP)

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