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home / news releases / NVS - IPO Update: Ayala Pharmaceuticals Launches IPO


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

Read more ...

Stock Information

Company Name: Novartis AG
Stock Symbol: NVS
Market: NYSE
Website: novartis.com

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