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.