Parabilis Medicines

“Parabilis Medicines has broken the record for the largest VC-backed biotech IPO, just weeks after Kailera Therapeutics took the crown.”

“Parabilis Medicines has broken the record for the largest VC-backed biotech IPO, just weeks after Kailera Therapeutics took the crown.”

“Parabilis priced at $20 (vs. a $17–$19 range), raised $670M, and carries a $2.34B market cap at listing, backed by Fidelity (11.3%), RA Capital (10%), and Arch Venture Partners (8.3%).”

“The biotech market is in the midst of an IPO boom, after years of drought.”