ADARx Pharmaceuticals prices $446.3M IPO at $17 per share
ADARx Pharmaceuticals priced its IPO at $17 per share, raising $446.3M. Shares will trade on Nasdaq under ADRX. AbbVie will invest $100M, owning 4.9% post-IPO. Total proceeds may reach $535.2M. The company focuses on siRNA therapeutics. J.P. Morgan and others lead the offering.