Big Pharma spinout on Peninsula targets childhood liver diseases, $86M IPO

Mike Grey four years ago sold Lumena Pharmaceuticals Inc. — including two drugs targeting liver diseases — to Shire plc. On Friday, his new Peninsula company filed for an $86.25 million initial public offering to take those same two drugs deeper into the clinical trials. Mirum Pharmaceuticals Inc., a 24-employee company in Foster City, said in a Secu rities and Exchange Commission filing that it expects to use the money to complete a late-stage clinical trial of the drug maralixibat and start…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news