Ascentage Pharma Group International Raised $126 Million from US IPO

MT Newswires Live

2025/02/03

Ascentage Pharma Group International (HKG:6855) raised $126.4 million from its US initial public offering of 7,325,000 American depository shares placed to at least six parties at $17.25 apiece, a Tuesday press release said.

The drug maker plans to use the net proceeds of $112.9 million for NDS approval for a drug and its launch in China, for clinical development of Olverembatinib in the United States and other countries, for research and development and for the development of the future pipeline programs of the company.

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