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ADARx Pharmaceuticals targets $1.74 billion valuation in US IPO

The biotech plans to use part of the proceeds for late-stage trials and further research as AbbVie takes a 4.9% stake.

Summary by WTVB
Sept 21 (Reuters) - ADARx Pharmaceuticals is seeking a valuation of up to $1.74 billion in ​its U.S. initial public ‌offering, the company said on Monday, as investor appetite for biotech listings strengthens. The San Diego, California -based company ‌...

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The Charlotte Observer broke the news in Charlotte, United States on Monday, September 21, 2026.
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