Science & Enterprise subscription

Follow us on Twitter

  • As mobile phones, smart watches, and tablets play an increasingly key role in our daily lives, a new report shows m… https://t.co/HNOl3qa4oI
    about 2 days ago
  • New post on Science and Enterprise: Infographic – Mobile Industry’s Economic Role https://t.co/aMBZtn0gkM #Science #Business
    about 2 days ago
  • FDA expert panel gives thumbs-up to Aimmune’s peanut allergy drug https://t.co/srCucGLuB5
    about 2 days ago
  • A developer of a drug for migraine formulated as a dry powder and given as a nasal spray is raising $82.5 million i… https://t.co/gn4NSNTmBR
    about 2 days ago
  • New post on Science and Enterprise: Migraine Drug Developer Raises $82.5M in IPO https://t.co/AKsNP8FpOT #Science #Business
    about 2 days ago

Please share Science & Enterprise

Fertility Science Company Raises $115 Million in IPO

Pregnancy health (CDC)

(CDC.gov)

8 January 2015. OvaScience Inc., a developer of fertility treatments using a woman’s early-forming egg cells, issued its initial public offering of common stock, raising some $115 million. The Cambridge, Massachusetts company that trades on the NASDAQ exchange under the symbol OVAS, issued 2.3 million shares yesterday priced at $50.00. At 12 noon on 8 January, the stock was trading at $50.47.

OvaScience is developing fertility treatments for women, based on research by molecular biologist Jonathan Tilly, chair of the biology department at Northeastern University and professor of reproductive biology at Harvard Medical School. The company, founded in 2011, designs and commercializes treatments that use precursor, or early-forming, eggs found in the ovarian lining, for women whose natural egg development is compromised.

OvaScience’s lead product, called Augment, extracts the mitochondria or energy components of precursor egg cells to improve the quality of a patient’s fully-formed eggs, increase the eggs’ energy levels, and increase the likelihood of fertilization and a healthy birth. Augment treatments are now available in a few fertility clinics in Canada, Europe, and Middle East (not yet in the U.S.).

The company is developing other treatments from precursor egg cells, including OvaPrime that aims to increase a woman’s egg reserve for those do not produce enough high-quality eggs. OvaScience says it plans to introduce these treatments in fertility clinics overseas later this year. Another type of treatment in preclinical development with the brand name OvaTure, is intended to help women produce healthy and fertilizable eggs without hormone treatments.

OvaScience says it plans to use the proceeds from the IPO for expanding the number of clinics offering Augment treatments, as well as begin OvaPrime treatments in international markets. The company also plans to open an international headquarters in London.

Read more:

*     *     *

Please share Science & Enterprise ...
error

Comments are closed.