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AzurRX Biopharma prices downsized $5 million IPO at lowered price of $5.50

October 12, 2016
First Wave BioPharma (AzurRX Biopharma) logo

AzurRX Biopharma, which is developing non-systemic biologics for gastrointestinal disorders, raised $5 million by offering 0.96 million shares at $5.50. AzurRX Biopharma plans to list on the Nasdaq under the symbol AZRX. WallachBeth Capital and Network 1 Financial Securities acted as lead managers on the deal.