MPM shells out for Radius
Radius Health raises up to $91M; reverse merges into MPM shell to avoid IPO
Rather than run the risk of trying to raise money on uncertain terms in an IPO, Radius Health Inc. is raising $91 million in debt and equity and reverse merging into an unlisted public shell company.
"We have a large Phase III trial ongoing; we liked the certainty of getting the financing done. Think of it as a PIPE in an unlisted company,"