When Exogen Biotechnology Goes Public, Investors Are Getting a First Look at Its $50 Billion Market Cap

When Exogen Biotechnology Goes Public, Investors Are Getting a First Look at Its $50 Billion Market Cap

November 26, 2021 Comments Off on When Exogen Biotechnology Goes Public, Investors Are Getting a First Look at Its $50 Billion Market Cap By admin

The Toronto Stock Exchange announced Tuesday that Exogen Inc. will go public on the Toronto Stock Exchanges with a market capitalization of $50 billion.

Exogen’s CEO and chairman will be Peter Gomes, and Exogen has raised more than $9 billion from investors including U.S. tech giants such as Facebook, Apple and Intel.

Exigen will become one of the first companies listed on the TSX.

Exergy shares fell 4.4 per cent to $15.59 on the New York Stock Exchange.

Exergist is expected to have an IPO date of June 2, 2020.

Exogene raised about $8.8 billion in the last year and is expected for an IPO in 2019.

Exergist is also working on a new form of medical-device delivery that is expected in the second half of 2020. 

Exogen’s first public listing came in January of 2020, and it was sold to a private equity firm in April of that year for $25 million.

Exgenis shares have risen sharply since then, with Exogen stock hitting an all-time high of $20 in June of 2020 and the company now stands at $24.34.

Exera Biotech is a biotech company that developed a drug that is used to treat a range of ailments, including multiple sclerosis, and has raised $2.4 billion in venture capital funding. 

In February, Exogen announced it was expanding its clinical trial for the drug, and that the drug would be licensed to other pharmaceutical companies in the United States and Europe.

The drug is also in Phase 3 trials in the U.K. and Germany. 

The company also announced that it was exploring ways to develop a more advanced version of Exogenis therapy, which it hopes to make available to its patients in 2020.

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