Krystal Biotech Wants To Raise $35 Million In IPO [Seeking Alpha]
INTREXON CORP (XON)
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Source: Seeking Alpha
Summary Quick Take Gene therapy company Krystal Biotech ( KRYS ) intends to raise up to $35 million in gross proceeds from an IPO of its common stock. Krystal Biotech is a pre-clinical stage company focused on gene therapy that provides clinical benefit for patients who suffer from rare, debilitating disorders. Given the long road ahead for Krystal and the extremely cautious regulatory environment for gene-based therapies, I’m skeptical of the value of investing in such an untested company. I’ll provide a final opinion when we know more details about the IPO. Company and Technology Pittsburgh, Pennsylvania-based Krystal Biotech was founded in 2015 to provide therapies for patients suffering from dermatological disorders. Management is headed by CEO Krish Krishnan , and COO Suma Krishnan . Prior to leading Krystal Biotech, Krish Krishnan was COO of Intrexon Corporation and CEO of President of Pinnacle Pharmaceutical, and Suma Krishnan
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