Alphabet and Merck Group could exit the immunological and inflammatory disease therapy developer in an offering with an $86.3m placeholder target.

Vera Therapeutics, a US-based immunological and inflammatory disease therapy developer backed by internet technology group Alphabet and pharmaceutical firm Merck Group, has filed for an $86.3m initial public offering. Founded in 2016, Vera is developing therapies for the treatment of immunological and inflammatory diseases. Its lead drug candidate, atacicept, blocks the production of antibodies that…

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