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Respiratory tract infection biotech resTORbio prices $85 million IPO at $15 midpoint

January 25, 2018
Adicet Bio (resTORbio) logo

resTORbio, which is developing a therapy to boost the immune systems of the very elderly, raised $85 million by offering 5.7 million shares at $15, within the range of $14 to $16. resTORbio plans to list on the Nasdaq under the symbol TORC. BofA Merrill Lynch, Leerink Partners and Evercore ISI acted as lead managers on the deal.