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Clarity Pharmaceuticals cements record biotech IPO
KPMG Law has advised Clarity Pharmaceuticals on what’s being dubbed the largest clinical-stage biotech IPO in ASX history.
Emma Musgrave
Firm: KPMG Law (Clarity Pharmaceuticals).
Value: $92 million for the IPO, approximately $360 million market capitalisation.
Area: Corporate.
Key players: The KPMG Law team was led by head of corporate and M&A David Morris, and was supported by director David Tink, solicitors Bree Taylor and Andrew Antoun and graduates Matthew Dean and Oscar Liu.
Deal significance: Clarity Pharmaceuticals is an Australian-based clinical stage radiopharmaceutical company that is developing next-generation products to address the growing need for the use of radiopharmaceuticals in the diagnosis and therapy of cancers in children and adults.
“We understand that the Clarity Pharmaceuticals IPO is the largest clinical stage biotech IPO ever completed on the ASX,” Mr Morris said.
“We’re delighted to have advised Clarity Pharmaceuticals on this significant transaction. It brings to the market a proudly Australian business with a goal of improving the treatment of children and adults with cancer around the world.
“We wish the directors and management of Clarity Pharmaceuticals every success in the company’s journey as an ASX-listed company and we look forward to seeing the company’s continued growth and contribution to the global oncology market.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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