Prominent Hedge Funds Stand to Benefit From Biopharma’s Change of Plans

Weeks after Carmot Therapeutics filed for an IPO, the company chose a more lucrative way to monetize its potential.

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Illustration by II

So much for going public.

Less than three weeks after Carmot Therapeutics filed initial plans to go public, the fledgling biopharma, which is developing therapeutics for obesity and diabetes, chose a much more lucrative way to monetize its potential. It agreed to be acquired by Roche Holdings for as much as $3.1

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