OncoMed Pharmaceuticals, Inc. IPO Rakes in $72 Million

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OncoMed Pharmaceuticals, a biotech developing new antibody therapeutics to be used in cancer treatments, raised the proposed deal size for its upcoming IPO on Wednesday. The Redwood City, CA-based company now plans to raise $72 million by offering 4.8 million shares at a price range of $14 to $16. The company had previously filed to offer 4.0 million shares at the same range.

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