Kymera Therapeutics, fresh off a $2B Sanofi biobucks pact, guns for an IPO

Preclinical protein degradation biotech Kymera Therapeutics has a great year, nabbing a $102 million round for its march to the clinic, as well as a major tie up with French Big Pharma Sanofi.

Now, like so many of its early-stage peers, the Cambridge, Massachusetts-based biotech is seeking an initial public offering (IPO) worth a cool $100 million, though if it follows the current biotech IPO trend, this could be much higher.