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HBM Healthcare Investments AG
ISIN: CH0012627250
WKN: 984345
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HBM Healthcare Investments AG · ISIN: CH0012627250 · EQS - Company News (191 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1246818
08 November 2021 06:46AM

HBM Healthcare Investments benefits from the IPO of portfolio company IO Biotech


EQS Group-News: HBM Healthcare Investments AG / Key word(s): IPO
HBM Healthcare Investments benefits from the IPO of portfolio company IO Biotech

08.11.2021 / 06:46


IO Biotech (Nasdaq: IOBT), a so far privately held company in the HBM Healthcare Investments portfolio, issued 7.15 million new shares at a price of USD 14.00 per share in last Friday's IPO on the US Nasdaq, raising USD 100 million in new capital. On the first day of trading, the shares closed at USD 15.65 (+11.8%).

HBM Healthcare Investments has invested USD 23.2 million in IO Biotech since January 2021 and holds 2.37 million shares with a total value of USD 37.0 million after the IPO.

IO Biotech, based in Copenhagen, Denmark, is developing novel immune-modulating cancer therapies based on its T-win(R) technology platform. The T-win(R) platform is a novel approach to cancer immunotherapy designed to activate naturally occurring T cells to target immunosuppressive mechanisms. The company's lead candidate, IO102-IO103, received Breakthrough Therapy Designation from the FDA for the treatment of unresectable/metastatic melanoma and is about to start a phase 3 trial in combination with pembrolizumab.

Contact
For further information, please contact Dr Andreas Wicki on +41 41 710 75 77, or at andreas.wicki@hbmhealthcare.com.



End of Media Release


Language: English
Company: HBM Healthcare Investments AG
Bundesplatz 1
6300 Zug
Switzerland
Phone: +41438887171
Fax: +41438887172
E-mail: info@hbmhealthcare.com
Internet: https://www.hbmhealthcare.com
ISIN: CH0012627250
Valor: 1262725
Listed: SIX Swiss Exchange
EQS News ID: 1246818

 
End of News EQS Group News Service

1246818  08.11.2021 

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