Skip to main content
Premium Trial:

Request an Annual Quote

Infectious Disease Dx Firm Talis Biomedical Raises $254M in IPO

NEW YORK – Point-of-care infectious disease diagnostics company Talis closed its initial public offering Wednesday raising proceeds of approximately $253.9 million. 

The Menlo Park, California-based firm sold 15,870,000 shares of its common stock, including 2,070,000 shares sold pursuant to the exercise in full by the underwriters of their option to purchase additional shares. Each share in the offering was priced at $16. The shares began trading last week on the Nasdaq under ticker symbol TLIS.

JP Morgan, Bank of America Securities, and Piper Sandler were the book-running managers for the offering, and BTIG acted as co-manager.

When Talis filed for the IPO, it said the principal purposes for the offering were to obtain additional capital to support operations, create a public market for its common stock, and facilitate future access to the public equity markets. It also said it would use the proceeds for working capital and other general corporate purposes. 

Talis is currently developing its Talis One platform, which is a sample-to-answer, cloud-enabled molecular diagnostic platform to diagnose infectious diseases at the point of care. 

The Scan

Renewed Gain-of-Function Worries

The New York Times writes that the pandemic is renewing concerns about gain-of-function research.

Who's Getting the Patents?

A trio of researchers has analyzed gender trends in biomedical patents issued between 1976 and 2010 in the US, New Scientist reports.

Other Uses

CBS Sunday Morning looks at how mRNA vaccine technology could be applied beyond SARS-CoV-2.

PLOS Papers Present Analysis of Cervicovaginal Microbiome, Glycosylation in Model Archaea, More

In PLOS this week: functional potential of the cervicovaginal microbiome, glycosylation patterns in model archaea, and more.