Pfizer and Chiesi-backed genetic drug developer 4DMT has pulled away from a proposed $100m offering after closing series C funding last month.

4D Molecular Therapeutics (4DMT), the US-based gene therapy developer backed by pharmaceutical firms Chiesi Group and Pfizer, withdrew its application for an initial public offering on Tuesday. Founded in 2013, 4DMT is working on adeno-associated virus-based treatments for a genetic disorder known as Fabry disease, in addition to retinal conditions retinitis pigmentosa and choroideremia, and…

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