US biotech firm developing therapies for infant brain injuries plans Hong Kong listing

Axiom Biosciences, a US biotech firm using AI to develop therapies for newborns with severe brain injuries, plans to raise at least US$200 million through an IPO in Hong Kong in 2027, followed by a secondary US listing in 2029. Founder and CEO Remo Moomiaie-Qajar said Hong Kong investors show greater maturity than Nasdaq in handling biotech companies, and the company would be the first US-based biotech to list in Hong Kong.

US biotech firm developing therapies for infant brain injuries plans Hong Kong listing Axiom Biosciences founder says Hong Kong investors show greater maturity than Nasdaq in handling biotech companies artificial intelligence-powered medical players https://www.scmp.com/business/banking-finance/article/3353341/hong-kong-biotech-firm-uses-ai-produce-nano-rockets-deliver-life-saving-drugs?module=inline&pgtype=article raising capital in the city. Axiom Biosciences, which develops experimental therapies for newborns with severe brain injuries by using AI, is targeting at least US$200 million through an initial public offering IPO in Hong Kong in 2027, followed by a secondary listing in the US in 2029. “Some of the most important science in the world is being built in the United States, but the way it gets funded hasn’t kept pace,” said Remo Moomiaie-Qajar, founder and CEO of Axiom, in a statement. deep biotechnology capital https://www.scmp.com/business/banking-finance/article/3346710/hong-kong-attracts-wave-biotech-ipo-filings-amid-ai-drug-boom?module=inline&pgtype=article and many of our own clinical partners increasingly are. This is about building Axiom as a global company from the start”, he added. In an interview, Moomiaie-Qajar said healthcare companies that listed in Hong Kong have been, for the last several years, outperforming Nasdaq listings during the same period. Hong Kong was “more mature and understanding of how to handle publicly listed companies” in the sector, he said. The company said it would be the first biotech firm operating in the US to list in Hong Kong. Founded in 2018 and headquartered in San Diego, California, Axiom had raised US$17.17 million over 13 funding rounds, according to CB Insights.