Aardvark targets $100 million IPO
Obesity-focused Aardvark Therapeutics is hoping to raise $100 million in an initial public offering (IPO), according to a US Securities and Exchange Commission (SEC) filing.
The Californian biopharma has applied to list its common stock on the Nasdaq Global Market under the symbol AARD, Thursday’s filing states.
Aardvark is developing small-molecule therapeutics to activate innate homeostatic pathways for the treatment of metabolic diseases. It targets biological pathways associated with alleviating hunger deemed to have the potential to deliver transformative outcomes for patients.
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