AAA UniQure raises $91.8m in IPO

UniQure raises $91.8m in IPO

UniQure has developed the first and currently only gene therapy product to receive approval in the European Union. The product, Glybera, was approved in October 2012 for the treatment of a subset of patients with lipoprotein lipase deficiency.

The initial public offering gives UniQure an initial market cap of approximately $286m. They trade on the Nasdaq under ticker symbol QURE. Jefferies and Leerink Partners served as lead underwriters and have a 30-day option to buy an additional 810,000 shares of common stock.

In 2013 Chiesi Farmaceutici backed the commercialisation of Glybera with €31.1m (then worth $39.8m) in equity and collaboration financing.

Existing shareholders include secondaries investor Coller Capital (44.5% pre-IPO stake), Forbion (35.6%), Gilde Healthcare (13.5%), Chiesi Farmaceutici (9.1%) and Advent Venture Partners (6.2%).

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