Reuters · September 22, 2026
Reuters: IPOX® Research Associate Lukas Muehlbauer Comments on ADARx IPO Debut and Biotech Market Momentum (Updated)
Reuters reports that ADARx Pharmaceuticals raised $446.3 million in an upsized U.S. IPO, with shares opening 30% above the $17 offer price. IPOX® Associate Lukas Muehlbauer, who commented ahead of the offering on AbbVie’s backing and biotech investor selectivity, spoke with Reuters again after the company began trading. He highlighted AbbVie’s validation, ADARx’s Phase 3 lead drug and broader development platform, while noting that investors remain focused on mature clinical assets and key catalyst milestones across the biotech IPO market.
Read article ↗: Reuters: IPOX® Research Associate Lukas Muehlbauer Comments on ADARx IPO Debut and Biotech Market Momentum (Updated)