US market today: Biotech firm Odyssey hits nearly $900 million valuation as shares rise in Nasdaq debut
- Posted on May 8, 2026
- By Business News Today
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- 1 min read
US market today: Biotech firm Odyssey hits nearly $900 million valuation as shares rise in Nasdaq debut
Odyssey Therapeutics debuted on Nasdaq with an 11.1% surge, reaching a $899.9 million valuation. The autoimmune disease specialist successfully raised $279 million in its IPO, exceeding its target. This strong performance signals a revitalized biotech IPO market, with investors showing renewed confidence. Founder Dr. Gary D. Glick's prior success further bolsters investor appeal.
