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Gene therapy biotech AVROBIO files for a $86 million IPO

May 25, 2018
Tectonic Therapeutics (AVROBIO) logo

AVROBIO, which is developing gene therapies to treat cancer and rare diseases, filed on Friday with the SEC to raise up to $86 million in an initial public offering.

The Cambridge, MA-based company was founded in 2015 and plans to list on the Nasdaq under the symbol AVRO. Morgan Stanley, Cowen & Company and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.