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Morphic Opens Above IPO Price

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Morphic Holding, Inc. (NASDAQ: MORF) made its public debut Thursday morning, opening at $18 after being priced at $15 per share.

Jefferies, Cowen and Company, BMO Capital Markets and Wells Fargo are acting as joint book-running managers for the offering.

Morphic was founded in August 2014 and is a biopharma company developing a pipeline of oral small-molecule integrin therapeutics. Its Morphic integrin technology platform is used to develop novel product candidates designed to achieve the potency, high selectivity and pharmaceutical properties required for oral administration.

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The stock traded around $18.38 per share at time of publication.

Related Links:

Morphic Holding IPO: What You Need To Know

Adaptive Biotechnologies IPO: What You Need To Know

Posted-In: News IPOs

 

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