VetMedUni biopharmaceutical spinout Marinomed Biotech has completed its IPO to attain a market cap of $109m.

Marinomed Biotech, an Austria-based biopharmaceutical spinout of University of Veterinary Medicine Vienna (VetMedUni), has completed its initial public offering (IPO) on the Vienna Stock Exchange at a market capitalisation of €95.1m ($109m), MondoVisione reported on Friday. Shares were priced at $86.40 each, slightly higher than the $85.80 target, which had been expected to raise $25.6m…

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