MyoKardia Eyes $86 Million IPO

Early-stage Peninsula heart drug developer MyoKardia Inc. wants to raise $86.25 million in an initial public offering, the company said Monday, even as Wall Street scurries over fears of controls on drug pricing.

An IPO would be the latest winning exit for Third Rock Ventures, which was the biggest venture investors in Bay Area biotech startups as others left the industry during and after the Great Recession.

Led by CEO Tassos Gianakakos, MyoKardia is targeting hypertrophic cardiomyopathy, or HCM.

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