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Apimeds Pharmaceuticals US (NYSE American: APUS) has successfully completed its Initial Public Offering (IPO), raising $13.5 million in gross proceeds through the sale of 3,375,000 common stock shares at $4.00 per share. The company's shares began trading on NYSE American under the symbol "APUS" on May 9, 2025.
The clinical-stage biopharmaceutical company is developing Apitox, an intradermally administered bee venom-based toxin with potential therapeutic applications. The IPO proceeds will fund a Phase III clinical trial in knee osteoarthritis, initiate corporate sponsorship studies in multiple sclerosis, support product manufacturing, and address working capital needs.
D. Boral Capital served as the sole book-running manager, with underwriters receiving a 45-day option to purchase up to 506,250 additional shares and warrants for up to 168,750 shares.
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