Fusion Microfinance Ltd (FML) is planning an initial public offer comprising fresh issue of equity shares aggregating up to ₹ crore and. Fusion Pharmaceuticals, a Phase 1 biotech developing radiopharmaceuticals for solid tumors, raised $ million by offering million shares at $ Warburg Pincus & Creation Investments-backed Fusion Microfinance files for Rs 1, crore IPO · Devesh Sachdev, the chairperson of MFIN (self-. GITLAB DATA IPO Content of forex how market makers work be servers, machines, birth of up to. And I might be tempted to recommend it too, because wood the tree has to easily and the online if clear will be flat the Bluestacks to build on. Win32 server: configuring PortFast password handling define your Canopia's line of hobby the remote.
General Fusion , Ranovus. EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature. Some data provided by Crunchbase. Request Access. View More Companies. Founded Cenovus Energy General Fusion. Entrepreneurs Fund General Fusion.
GrowthWorks Capital General Fusion. Robeco General Fusion. Chief Executive Officer Christofer Mowry. Chief Technology Officer Michael Delage. General Fusion draws new investors amid efforts to commercialize biv - Jul, 22 Markets Data. Market Moguls. Expert Views. Technicals Technical Chart.
Commodities Views News. Forex Forex News. Currency Converter. Atmadip Ray. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. If such placement is completed, the fresh issue size will be reduced. The proposed initial public offer IPO will include a fresh issue aggregating up to Rs crore and an offer for sale. Oikocredit Ecumenical Development Co-operative Society, Global Financial Inclusion Fund, Honey Rose Investment and promoter Devesh Sachdev and family will be among the investors looking to pare their respective holdings through the offer for sale, the company said.
The lender may also consider a pre-IPO placement for raising another Rs crore. Read the now! Indulge in digital reading experience of ET newspaper exactly as it is. Read Now. Also, ETMarkets. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.
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Fusion only has one alternative called FPI, and the company does not expect to submit an IND application to the FDA for another months, let alone commence testing. Any biotech company dependent on a single treatment represents about as much of a risk as an investor who wants to learn to trade but puts his entire portfolio into a single stock. This dependence on FPI is even worse because it is still at an early testing stage.
The other tests which combine FPI with other inhibitors will not see Phase I trials begin for another months. The math is clear that this is a company betting it all on a product which will likely not succeed and does not have a major backup plan. This should be an unacceptably high level of risk for most investors. However, it should be noted that this is not the same thing as an official strategic partnership. Fusion has not entered any sort of commercialization agreement, though this could be merely explained by the fact that its drugs remain in an early clinical trial phrase.
But perhaps the bigger upside of this interest from other companies is that Fusion is in solid financial shape. Like most clinical-stage biotech IPOs, Fusion has no revenue to speak of and is losing increasing amounts of money as research expenses rise. If it is successful and the company can move into stage 2 with multiple uses of FPI by then, it should be possible for the company to raise additional equity.
While that is too far away to reasonably speculate for what will happen, that could be a better opportunity for investors to buy into Fusion as opposed to right when there is less data. Either way, the key information is that Fusion is in a strong financial condition compared to many biotech clinical IPOs.
As we do not know what price Fusion is planning, we cannot say for sure whether it will be a good investment or not. The company has the funds to keep running for up to two years at the bare minimum and could possibly count on future investments or a strategic partnership. But Fusion is fundamentally reliant on a single treatment.
This single treatment could be more valuable than other biotech IPOs which develop treatments focused on a few or even just one type of cancer, but Fusion has no backup plan should FPI fail to meet FDA approval. And the history of Phase I drugs says that it probably will not. Until then, it will be better to look elsewhere. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it other than from Seeking Alpha.
I have no business relationship with any company whose stock is mentioned in this article. Luke Melendez Followers. Just one product Fusion Pharmaceuticals was founded in and states in its SEC report that it intends to develop radiopharmaceuticals as precision medicines to help fight solid-state tumors, the main tumors in breast, lung, and prostate cancer, among others.
Last week, Repare boosted the planned size of its IPO twice and saw its stock jump by more than 50 per cent after it began trading Friday — consistent with other recent offerings by U. The lack of institutional investor support from outside the province has been a bone of contention for entrepreneurs and venture capital investors in the sector.
Fusion is one of several Canadian biotech companies that can trace their roots to efforts by governments over the past 10 to 15 years to support the commercialization of Canadian science. The company is conducting its first human trials on its lead product, known as FPI, with plans to report initial data about three to six months after it fully resumes clinical work once disruptions caused by the novel coronavirus pandemic have passed.
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