Attovia, Braveheart Bio, and Vogenx aim to raise over $500M through combined IPOs
Attovia Therapeutics, Braveheart Bio and Vogenx have each filed IPO paperwork, setting price ranges that together target more than $500 million in gross proceeds from public investors.
Braveheart Bio plans to sell 18.7 million shares at $15-$17 each, which would generate roughly $274.5 million at the midpoint. The company intends to allocate $90 million to a phase-3 trial of its oral cardiac myosin inhibitor BHB-1893 for obstructive hypertrophic cardiomyopathy and another $100 million for a phase-3 study in the non-obstructive form, positioning the drug as a potential competitor to existing therapies such as Camzyos and Myqorzo.
Attovia Therapeutics has also set a $15-$17 price range and expects to raise enough capital to fund its operations through 2029, though it will offer fewer shares than Braveheart.
Vogenx filed its IPO with a similar price range and will contribute to the collective goal of exceeding $500 million, completing the trio’s coordinated market entry.
This writeup was produced by pharmadog from original reporting by Fierce Biotech.
Original headline: “Attovia, Braveheart and Vogenx seek more than $500M across trio of IPOs”
read at Fierce Biotech ↗
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