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Product / Company Performance

Medartis Raises $151MM in Initial Public Offering -

Medartis raised gross proceeds of CHF 123.9MM and CHF 142.6MM, including an over-allotment of shares, in its IPO. (These figures translate to ~US $131.2MM and ~$151.0MM, respectively.) Funds will support the company's strategic growth initiatives, including international expansion and product development, as well as potential acquisitions and general corporate purposes. With this filing, Medartis reported 2017 revenue of CHF 105.0MM (~$111.1MM), +14% vs. 2016. (Source: Medartis, 3/22/18)