NVS - IPO Update: Ayala Pharmaceuticals Launches IPO
Quick Take
Ayala Pharmaceuticals (AYLA) intends to raise $50 million from an IPO of its common stock, according to an amended registration statement.
The company is advancing a pipeline of drug candidates for the treatment of various cancer conditions.
AYLA has produced promising results for its lead candidate and has a commercial collaboration for its second candidate.
For life science investors with a patient hold time frame, the IPO looks reasonably priced.
Company & Technology
Rehovot, Israel-based Ayala was founded to to develop treatments for various cancers:
Recurrent/Metastatic Adenoid Cystic Carcinoma
Triple