Finance

Novo-Backed Drugmaker Avalyn Raises $300 Million in Upsized IPO

Avalyn Pharma Inc., a biopharma company developing inhaled treatments for rare lung diseases, raised $300 million in a US initial public offering that priced at the top of its marketed range.

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Bloomberg
April 30, 2026·1 min read
Novo-Backed Drugmaker Avalyn Raises $300 Million in Upsized IPO

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Avalyn Pharma Inc., a biopharma company developing inhaled treatments for rare lung diseases, raised $300 million in a US initial public offering that priced at the top of its marketed range.

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Novo-Backed Drugmaker Avalyn Raises $300 Million in Upsized IPO

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