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Drugmaker Anthem Biosciences Files Draft Papers for $397 Mn IPO
Hindustan Times West UP
|January 01, 2025
REUTERS: Indian contract drug-maker Anthem Biosciences filed for a ₹3,395 crore ($397 million) initial public offering, draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.
Anthem, whose services include early-stage drug discovery and drug efficacy testing, said private equity firm True North and drugmaker DavosPharma are among investors who will sell shares in the IPO.
The company will not sell any shares and it did not give any other details on the offering.
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