Iterum Therapeutics Readies $80 Million IPO Plans

5/17/18

Quick Take

Iterum Therapeutics (ITRM) intends to raise $80 million in an IPO from the sale of common stock, per an amended registration statement.

The company is developing a pipeline of treatment candidates for urinary tract and intra-abdominal infections.

ITRM is preparing to enter Phase 3 trials for its in-licensed drugs from Pfizer. If those trials go well, I wouldn't be surprised if Pfizer acquires Iterum.

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