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NGM to go private through deal with investment firm

February 26, 2024


Founded in 2007, NGM took a broad approach to its drug research, assembling a pipeline that spans from solid tumors to retinal diseases to liver and metabolic disorders.

NGM raised a few hundred million dollars in private funding before going public in the spring of 2019. Shares of the company, initially sold for $16, ticked up in value over the following year and a half, to trade at just north of $31 by the end of 2020.

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