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Hong Kong's Aptorum Stages $12 Million US IPO for Drug Development

publication date: Dec 18, 2018

Aptorum Group, a preclinical Hong Kong pharma, completed a $12 million IPO on the NASDAQ exchange. The company is developing therapeutic drugs, many of which are based on natural substances, along with surgical robotic devices. It expects to file for approval of at least one of its three lead products in the US, China or the EU by 2021. In the IPO, the company placed 761,419 Class A Shares at a price of $15.80 per share, but in their first trading session, the shares lost 11%, dropping to $14.00. More details....

Stock Symbol: (NSDQ: APM)

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