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NVS - IPO Update: Kinnate Biopharma Proposes Terms For $170 Million IPO
Novartis AG
Kinnate Biopharma aims to raise $170 million in an IPO.
The firm is developing kinase inhibitor-based treatment candidates for various cancers.
KNTE has produced promising results in preclinical studies, but is still extremely high risk; the IPO may be more suited to long-term hold institutional investors.