Electra’s $350m IPO fell 11.7% on debut. Does ipsoprubart justify the immunology bet?
Electra Therapeutics has raised $350 million in one of 2026’s larger biotechnology IPOs, giving the clinical-stage company enough projected capital to reach pivotal results for ipsoprubart in secondary hemophagocytic lymphohistiocytosis. The stock’s 11.7% first-day decline shows that investors remain cautious, however, because the company’s most striking efficacy evidence still comes from a small uncontrolled Phase
