MaRS Monthly Roundup – February 2024

Published on February 5, 2024

2024 is off to a big start! Check out our MaRS Monthly Roundup — recapping the biggest success stories in January.

 

 

The post MaRS Monthly Roundup – February 2024 appeared first on MaRS Discovery District.

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Brain drug developer Alto Neuroscience prices $129M IPO

February 2, 2024
Another biotechnology company has hit Wall Street via an initial public offering, the third to do so this year in an uptick of IPO activity that suggests rebounding investor interest in life sciences stocks.Alto Neuroscience raised about $129 million on Thursday, selling 8,040,000 shares at $16 apiece. The company’s stock will trade on the New York Stock Exchange under the ticker symbol “ANRO.”Alt

Arch, a prolific biotech creator, is raising $3B for startup investing

February 5, 2024
Arch Venture Partners, one of the biotechnology sector’s most prolific company creators, is raising a new $3 billion fund, according to a regulatory filing.The fund, which would be Arch’s 13th, is being put together less than two years after the firm closed a similar-sized $3 billion raise that was its largest to date. Plans were outlined in a filing Arch made this week with the Securities and Exc