{"id":23119,"date":"2025-10-01T08:30:00","date_gmt":"2025-10-01T06:30:00","guid":{"rendered":"https:\/\/vasro.de\/?p=23119"},"modified":"2025-09-30T06:38:38","modified_gmt":"2025-09-30T04:38:38","slug":"biotech-ipo-watchlist-2025-anticipated-listings-and-trends","status":"publish","type":"post","link":"https:\/\/vasro.de\/ja\/biotech-ipo-watchlist-2025-anticipated-listings-and-trends\/","title":{"rendered":"\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fcIPO\u306e\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u304c\u30012025\u5e74\u306b\u6700\u3082\u671f\u5f85\u3055\u308c\u308b\u65b0\u898f\u682a\u5f0f\u516c\u958b\u3092\u660e\u3089\u304b\u306b\u3057\u3066\u3044\u308b\u3002"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u5206\u91ce\u306b\u306f\u65b0\u305f\u306a\u6d3b\u529b\u304c\u898b\u3089\u308c\u30012025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fcIPO\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u306f\u3001KALA BIO Inc.\u3084Caris Life Sciences\u306e\u3088\u3046\u306a\u753b\u671f\u7684\u306a\u4f01\u696d\u306b\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306fKALA BIO\u306e<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.stocktitan.net\/news\/KALA\/kala-bio-announces-completion-of-enrollment-in-chase-clinical-trial-g8fn3genhys7.html\">CHASE\u8a66\u9a13\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/a>\uff08\u96e3\u6cbb\u6027\u89d2\u819c\u4e0a\u76ae\u6b20\u640d\u3092\u5bfe\u8c61\u306b79\u540d\u306e\u7d44\u307f\u5165\u308c\u3092\u5b8c\u4e86\uff09\u3092\u8ffd\u8de1\u3057\u30012025\u5e7410\u6708\u306e\u91cd\u8981\u306aFDA\u5224\u65ad\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fcIPO\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u306f\u3001FDA\u306e\u5e0c\u5c11\u75be\u75c5\u7528\u533b\u85ac\u54c1\u6307\u5b9a\u3084\u30d5\u30a1\u30b9\u30c8\u30c8\u30e9\u30c3\u30af\u6307\u5b9a\u304c\u3001\u898f\u5236\u627f\u8a8d\u306e\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3053\u3068\u3092\u793a\u3059\u30b5\u30a4\u30f3\u3067\u3042\u308b\u70b9\u3092\u5f37\u8abf\u3057\u3066\u3044\u307e\u3059\u3002Renaissance Capital\u306f\u3001\u7c73\u56fd\u306b\u304a\u3051\u308b\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u5206\u91ce\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u6295\u8cc7\u304c\u6b74\u53f2\u7684\u4f4e\u6c34\u6e96\u306b\u3042\u308b\u4e00\u65b9\u3067\u3001\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306b\u306f\u5805\u8abf\u306a\u74b0\u5883\u304c\u6574\u3046\u3068\u4e88\u6e2c\u3057\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u3001<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/news.crunchbase.com\/venture\/startup-billion-dollar-exits-growing-ma-ipo-august-2025\/\">10\u5104\u30c9\u30eb\u7d1a\u306e\u65b0\u898f\u4e0a\u5834\u304c2022\u5e74\u306e\u6c34\u6e96\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b<\/a>\u3053\u3068\u304b\u3089\u3001\u696d\u754c\u306b\u3068\u3063\u3066\u6709\u671b\u306a\u8ee2\u63db\u70b9\u3067\u3042\u308b\u3053\u3068\u304c\u3046\u304b\u304c\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>\u76ee\u6b21<\/h2><nav><ul><li class=\"\"><a href=\"#\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\">\u91cd\u8981\u30dd\u30a4\u30f3\u30c8<\/a><\/li><li class=\"\"><a href=\"#biotech-ipo-watchlist-2025\">Biotech IPO Watchlist 2025<\/a><ul><li class=\"\"><a href=\"#kala-bio-inc\">KALA BIO Inc.<\/a><ul><li class=\"\"><a href=\"#\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\">\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3<\/a><\/li><li class=\"\"><a href=\"#chase\u8a66\u9a13\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\">CHASE\u8a66\u9a13\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/a><\/li><li class=\"\"><a href=\"#\u5e02\u5834\u898b\u901a\u3057\">\u5e02\u5834\u898b\u901a\u3057<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#caris-life-sciences\">Caris Life Sciences<\/a><ul><li class=\"\"><a href=\"#\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\">\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0<\/a><\/li><li class=\"\"><a href=\"#\u81e8\u5e8a\u306e\u9032\u5c55\">\u81e8\u5e8a\u306e\u9032\u5c55<\/a><\/li><li class=\"\"><a href=\"#\u5e02\u5834\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\">\u5e02\u5834\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#\u305d\u306e\u4ed6\u306e\u6ce8\u76ee\u30d0\u30a4\u30aa\u30c6\u30afipo\">\u305d\u306e\u4ed6\u306e\u6ce8\u76ee\u30d0\u30a4\u30aa\u30c6\u30afIPO<\/a><ul><li class=\"\"><a href=\"#\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3-1\">\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3<\/a><\/li><li class=\"\"><a href=\"#\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\">\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/a><\/li><li class=\"\"><a href=\"#\u5e02\u5834\u898b\u901a\u3057-2\">\u5e02\u5834\u898b\u901a\u3057<\/a><\/li><\/ul><\/li><\/ul><\/li><li class=\"\"><a href=\"#\u3053\u308c\u3089\u306eipo\u304c\u969b\u7acb\u3064\u7406\u7531\">\u3053\u308c\u3089\u306eIPO\u304c\u969b\u7acb\u3064\u7406\u7531<\/a><ul><li class=\"\"><a href=\"#\u30d0\u30a4\u30aa\u30c6\u30af\u306e\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\">\u30d0\u30a4\u30aa\u30c6\u30af\u306e\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3<\/a><\/li><li class=\"\"><a href=\"#2025-\u5e74\u306e\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\">2025\u5e74\u306e\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/a><\/li><li class=\"\"><a href=\"#\u6295\u8cc7\u5bb6\u306e\u652f\u63f4\">\u6295\u8cc7\u5bb6\u306e\u652f\u63f4<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#\u4eca\u5f8c\u306eipo\u5e02\u5834\u30c8\u30ec\u30f3\u30c9\">\u4eca\u5f8c\u306eIPO\u5e02\u5834\u30c8\u30ec\u30f3\u30c9<\/a><ul><li class=\"\"><a href=\"#2025-\u5e74\u306eipo\u30e9\u30c3\u30b7\u30e5\">2025\u5e74\u306eIPO\u30e9\u30c3\u30b7\u30e5<\/a><\/li><li class=\"\"><a href=\"#fda\u5224\u65ad\u306e\u5f71\u97ff\">FDA\u5224\u65ad\u306e\u5f71\u97ff<\/a><\/li><li class=\"\"><a href=\"#\u6295\u8cc7\u5bb6\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\">\u6295\u8cc7\u5bb6\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#\u30ea\u30b9\u30af\u3068\u6a5f\u4f1a\">\u30ea\u30b9\u30af\u3068\u6a5f\u4f1a<\/a><ul><li class=\"\"><a href=\"#\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\">\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3<\/a><\/li><li class=\"\"><a href=\"#\u30c7\u30e5\u30fc\u30c7\u30a3\u30ea\u30b8\u30a7\u30f3\u30b9\">\u30c7\u30e5\u30fc\u30c7\u30a3\u30ea\u30b8\u30a7\u30f3\u30b9<\/a><\/li><li class=\"\"><a href=\"#\u9577\u671f\u7684\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\">\u9577\u671f\u7684\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#2025-\u5e74\u306b\u4e0a\u5834\u304c\u898b\u8fbc\u307e\u308c\u308b\u4f01\u696d\uff1a\u8981\u70b9\">2025\u5e74\u306b\u4e0a\u5834\u304c\u898b\u8fbc\u307e\u308c\u308b\u4f01\u696d\uff1a\u8981\u70b9<\/a><ul><li class=\"\"><a href=\"#\u30c8\u30c3\u30d7\u30d4\u30c3\u30af\u307e\u3068\u3081\">\u30c8\u30c3\u30d7\u30d4\u30c3\u30af\u307e\u3068\u3081<\/a><\/li><li class=\"\"><a href=\"#\u30d0\u30a4\u30aa\u30c6\u30af\u30bb\u30af\u30bf\u30fc\u3078\u306e\u5f71\u97ff\">\u30d0\u30a4\u30aa\u30c6\u30af\u30bb\u30af\u30bf\u30fc\u3078\u306e\u5f71\u97ff<\/a><\/li><\/ul><\/li><li class=\"\"><a href=\"#faq\">FAQ<\/a><ul><li class=\"\"><a href=\"#2025-\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afipo\u304c\u300c\u512a\u308c\u3066\u3044\u308b\u300d\u3068\u8a00\u3048\u308b\u8981\u56e0\u306f\uff1f\">2025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u304c\u300c\u512a\u308c\u3066\u3044\u308b\u300d\u3068\u8a00\u3048\u308b\u8981\u56e0\u306f\uff1f<\/a><\/li><li class=\"\"><a href=\"#\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306fipo\u306e\u6210\u529f\u306b\u3069\u3046\u5f71\u97ff\u3057\u307e\u3059\u304b\uff1f\">\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306fIPO\u306e\u6210\u529f\u306b\u3069\u3046\u5f71\u97ff\u3057\u307e\u3059\u304b\uff1f<\/a><\/li><li class=\"\"><a href=\"#\u306a\u305c\u6295\u8cc7\u5bb6\u306e\u652f\u63f4\u304c\u91cd\u8981\u306a\u306e\u3067\u3059\u304b\uff1f\">\u306a\u305c\u6295\u8cc7\u5bb6\u306e\u652f\u63f4\u304c\u91cd\u8981\u306a\u306e\u3067\u3059\u304b\uff1f<\/a><\/li><li class=\"\"><a href=\"#\u30d0\u30a4\u30aa\u30c6\u30afipo\u306b\u6295\u8cc7\u3059\u308b\u524d\u306b\u8003\u616e\u3059\u3079\u304d\u30ea\u30b9\u30af\u306f\uff1f\">\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306b\u6295\u8cc7\u3059\u308b\u524d\u306b\u8003\u616e\u3059\u3079\u304d\u30ea\u30b9\u30af\u306f\uff1f<\/a><\/li><li class=\"\"><a href=\"#fda\u306f\u30d0\u30a4\u30aa\u30c6\u30afipo\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3069\u3093\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3059\u304b\uff1f\">FDA\u306f\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3069\u3093\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3059\u304b\uff1f<\/a><\/li><li class=\"\"><a href=\"#\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306f\u30d0\u30a4\u30aa\u30c6\u30afipo\u306e\u98a8\u666f\u3067\u3069\u3093\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u304b\uff1f\">\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306f\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u98a8\u666f\u3067\u3069\u3093\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u304b\uff1f<\/a><\/li><li class=\"\"><a href=\"#\u6700\u65b0\u306e\u30d0\u30a4\u30aa\u30c6\u30afipo\u6a5f\u4f1a\u3092\u3069\u3046\u8ffd\u8de1\u3059\u308c\u3070\u3088\u3044\u3067\u3059\u304b\uff1f\">\u6700\u65b0\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u6a5f\u4f1a\u3092\u3069\u3046\u8ffd\u8de1\u3059\u308c\u3070\u3088\u3044\u3067\u3059\u304b\uff1f<\/a><\/li><li class=\"\"><a href=\"#\u30d0\u30a4\u30aa\u30c6\u30afipo\u306e\u9577\u671f\u7684\u306a\u898b\u901a\u3057\u306f\uff1f\">\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u9577\u671f\u7684\u306a\u898b\u901a\u3057\u306f\uff1f<\/a><\/li><li class=\"\"><a href=\"#\u5ba2\u89b3\u7684\u306a\u30a8\u30af\u30a4\u30c6\u30a3\u30fb\u30ea\u30b5\u30fc\u30c1\u304c\u3082\u305f\u3089\u3059\u660e\u77ad\u3055\">\u5ba2\u89b3\u7684\u306a\u30a8\u30af\u30a4\u30c6\u30a3\u30fb\u30ea\u30b5\u30fc\u30c1\u304c\u3082\u305f\u3089\u3059\u660e\u77ad\u3055<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\">\u91cd\u8981\u30dd\u30a4\u30f3\u30c8<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>KALA BIO Inc.\u306f\u3001\u96e3\u6cbb\u6027\u89d2\u819c\u4e0a\u76ae\u6b20\u640d\uff08PCED\uff09\u306e\u6cbb\u7642\u306b\u7126\u70b9\u3092\u5f53\u3066\u305f\u6709\u529b\u5019\u88dc\u3067\u3001\u30a2\u30f3\u30e1\u30c3\u30c8\u30fb\u30e1\u30c7\u30a3\u30ab\u30eb\u30fb\u30cb\u30fc\u30ba\u306e\u91cd\u8981\u6027\u3092\u6d6e\u304d\u5f6b\u308a\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>KALA BIO\u306eCHASE\u8a66\u9a13\u306f\u91cd\u8981\u306a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3067\u3042\u308a\u30012025\u5e749\u6708\u306b\u7d50\u679c\u304c\u898b\u8fbc\u307e\u308c\u3066\u304a\u308a\u3001\u682a\u4fa1\u52d5\u5411\u306b\u5927\u304d\u304f\u5f71\u97ff\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li>Caris Life Sciences\u306f\u9ad8\u5ea6\u306a\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u969b\u7acb\u3061\u3001\u304c\u3093\u6cbb\u7642\u306b\u304a\u3051\u308b\u30d7\u30ec\u30b7\u30b8\u30e7\u30f3\u30fb\u30aa\u30f3\u30b3\u30ed\u30b8\u30fc\u306e\u5f79\u5272\u3092\u5f37\u8abf\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30d0\u30a4\u30aa\u30c6\u30afIPO\u3078\u306e\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u306f\u9ad8\u307e\u3063\u3066\u304a\u308a\u30012025\u5e74\u306b\u306f155\u301c195\u4ef6\u306e\u4e0a\u5834\u304c\u4e88\u6e2c\u3055\u308c\u3001\u5e02\u5834\u306e\u5f37\u3044\u56de\u5fa9\u304c\u793a\u5506\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>FDA\u306e\u5224\u65ad\u3092\u6ce8\u8996\u3059\u308b\u3053\u3068\u306f\u4e0d\u53ef\u6b20\u3067\u3001\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3084\u6210\u529f\u306b\u5927\u304d\u304f\u5f71\u97ff\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u5f37\u529b\u306a\u81e8\u5e8a\u30c7\u30fc\u30bf\u3068\u9769\u65b0\u7684\u306a\u6cbb\u7642\u6cd5\u3092\u6301\u3064\u4f01\u696d\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u6ce8\u76ee\u3092\u96c6\u3081\u3001IPO\u5e02\u5834\u3067\u6210\u529f\u3057\u3084\u3059\u3044\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30c7\u30e5\u30fc\u30c7\u30a3\u30ea\u30b8\u30a7\u30f3\u30b9\u304c\u91cd\u8981\u3067\u3059\u3002\u78ba\u304b\u306a\u81e8\u5e8a\u7684\u88cf\u4ed8\u3051\u3068\u7d4c\u9a13\u8c4a\u5bcc\u306a\u7d4c\u55b6\u9663\u3092\u6709\u3059\u308b\u4f01\u696d\u306b\u6ce8\u76ee\u3059\u3079\u304d\u3067\u3059\u3002<\/li>\n\n\n\n<li>\u30a2\u30f3\u30e1\u30c3\u30c8\u30fb\u30cb\u30fc\u30ba\u306b\u5fdc\u3048\u3001\u9069\u5fdc\u529b\u3092\u793a\u3059\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306f\u3001\u9577\u671f\u7684\u306a\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\u304c\u5f15\u304d\u7d9a\u304d\u9ad8\u3044\u3068\u898b\u8fbc\u307e\u308c\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"biotech-ipo-watchlist-2025\">Biotech IPO Watchlist 2025<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/statics.mylandingpages.co\/static\/aaanxdmf26c522mpaaahnjdudiwytyw6\/image\/541d5f9c0c994d2ba99be7534cd64e6d.webp\" alt=\"\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fcIPO\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8 2025\"><figcaption class=\"wp-element-caption\">\u753b\u50cf\u51fa\u5178: <a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/pexels.com\">pexels<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306e\u5e55\u958b\u3051\u3068\u3068\u3082\u306b\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u304a\u3088\u3073\u30d0\u30a4\u30aa\u30c6\u30af\u5206\u91ce\u306e\u65b0\u898f\u4e0a\u5834\u306b\u5411\u3051\u305f\u30c0\u30a4\u30ca\u30df\u30c3\u30af\u306a\u52d5\u304d\u304c\u898b\u3089\u308c\u307e\u3059\u30022025\u5e74\u306eIPO\u30b7\u30e7\u30fc\u30c8\u30ea\u30b9\u30c8\u306b\u306f\u3001\u5805\u7262\u306a\u81e8\u5e8a\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3001\u9769\u65b0\u7684\u306a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3001\u305d\u3057\u3066\u5927\u304d\u306a\u5e02\u5834\u306e\u30ab\u30bf\u30ea\u30b9\u30c8\u3092\u5099\u3048\u305f\u4f01\u696d\u304c\u4e26\u3073\u307e\u3059\u3002\u4ee5\u4e0b\u306e\u8868\u306f\u3001\u4eca\u5e74\u8a71\u984c\u3092\u96c6\u3081\u308b\u3068\u898b\u8fbc\u307e\u308c\u308b\u6ce8\u76ee\u306e\u30d8\u30eb\u30b9\u30b1\u30a2IPO\u3084\u30d0\u30a4\u30aa\u30c6\u30af\u682a\u306e\u30b9\u30ca\u30c3\u30d7\u30b7\u30e7\u30c3\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>\u4f01\u696d\u540d<\/th><th>IPO\u8abf\u9054\u984d<\/th><th>\u65e5\u4ed8<\/th><th>\u6ce8\u529b\u9818\u57df<\/th><\/tr><tr><td>Metsera<\/td><td><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/dealforma.com\/biopharma-therapeutics-and-platforms-ipo-activity-q1-2025-review\/\">$316.2M<\/a><\/td><td>2\u67083\u65e5<\/td><td>\u80a5\u6e80\u304a\u3088\u3073\u95a2\u9023\u75be\u60a3<\/td><\/tr><tr><td>Sionna Therapeutics<\/td><td>$219.2M<\/td><td>2\u67087\u65e5<\/td><td>\u56a2\u80de\u6027\u7dda\u7dad\u75c7\u306b\u5bfe\u3059\u308b\u65b0\u898f\u6cbb\u7642<\/td><\/tr><tr><td>Maze Therapeutics<\/td><td>$140M<\/td><td>N\/A<\/td><td>\u4f4e\u5206\u5b50\u30d7\u30ec\u30b7\u30b8\u30e7\u30f3\u533b\u85ac<\/td><\/tr><tr><td>Aardvark Therapeutics<\/td><td>$98M<\/td><td>N\/A<\/td><td>\u80a5\u6e80\u6cbb\u7642<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306eIPO\u5019\u88dc\u304b\u3089\u306f\u30012025\u5e74\u306eIPO\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u727d\u5f15\u3059\u308b\u591a\u69d8\u6027\u3068\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u304c\u611f\u3058\u3089\u308c\u307e\u3059\u3002\u3053\u3053\u304b\u3089\u306f\u3001\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u306e\u4e3b\u8981\u9298\u67c4\u3092\u8a73\u3057\u304f\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"kala-bio-inc\">KALA BIO Inc.<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\">\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">KALA BIO Inc.\u306f2025\u5e74\u306eIPO\u5019\u88dc\u306e\u6700\u524d\u7dda\u306b\u4f4d\u7f6e\u3057\u3001FDA\u627f\u8a8d\u85ac\u304c\u5b58\u5728\u3057\u306a\u3044\u5e0c\u5c11\u773c\u75be\u60a3\u3067\u3042\u308b\u96e3\u6cbb\u6027\u89d2\u819c\u4e0a\u76ae\u6b20\u640d\uff08PCED\uff09\u306b\u53d6\u308a\u7d44\u3080\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3067\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u540c\u793e\u306e\u30ea\u30fc\u30c9\u30a2\u30bb\u30c3\u30c8KPI-012\u306f\u5927\u304d\u306a\u30a2\u30f3\u30e1\u30c3\u30c8\u30fb\u30cb\u30fc\u30ba\u3092\u6a19\u7684\u3068\u3057\u3066\u304a\u308a\u3001\u4eca\u5f8c\u306eIPO\u306e\u4e2d\u3067\u3082\u969b\u7acb\u3064\u5b58\u5728\u3067\u3059\u30022024\u5e7412\u6708\u3001KALA BIO\u306f\u79c1\u52df\u3092\u901a\u3058\u3066<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/12\/30\/3002633\/0\/en\/KALA-BIO-Announces-10-750-000-Private-Placement.html\">$10.75\u767e\u4e07<\/a>\u3092\u8abf\u9054\u3057\u3001\u81e8\u5e8a\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u9032\u3081\u308b\u3046\u3048\u3067\u306e\u8ca1\u52d9\u57fa\u76e4\u3092\u5f37\u5316\u3057\u307e\u3057\u305f\u3002\u540c\u793e\u306f2023\u5e74\u7b2c4\u56db\u534a\u671f\u304a\u3088\u3073\u901a\u671f\u306e\u5b9f\u7e3e\u3067\u3001\u5275\u85ac\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3068\u5805\u8abf\u306a\u9032\u6357\u3092\u5831\u544a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"chase\u8a66\u9a13\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\">CHASE\u8a66\u9a13\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">KALA BIO\u306eIPO\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30ab\u30bf\u30ea\u30b9\u30c8\u3068\u306a\u308b\u306e\u304cCHASE\u8a66\u9a13\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3067\u3059\u3002\u540c\u793e\u306fPCED\u3092\u5bfe\u8c61\u3068\u3059\u308bKPI-012\u306e\u7b2c2b\u76f8CHASE\u8a66\u9a13\u306779\u540d\u306e\u60a3\u8005\u767b\u9332\u3092\u5b8c\u4e86\u3057\u307e\u3057\u305f\u30022025\u5e749\u6708\u672b\u307e\u3067\u306b\u3001\u3053\u306e\u91cd\u8981\u8a66\u9a13\u306e\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u30c7\u30fc\u30bf\u3092\u516c\u8868\u3059\u308b\u8a08\u753b\u3067\u3059\u3002\u7d50\u679c\u304c\u826f\u597d\u3067\u3042\u308c\u3070\u3001\u30d0\u30a4\u30aa\u30c6\u30af\u682a\u306e\u5927\u5e45\u306a\u52d5\u610f\u3068\u3001FDA\u3078\u306e\u751f\u7269\u88fd\u5264\u627f\u8a8d\u7533\u8acb\uff08BLA\uff09\u306b\u5411\u3051\u305f\u660e\u78ba\u306a\u9053\u7b4b\u304c\u898b\u3048\u3066\u304f\u308b\u3067\u3057\u3087\u3046\u3002\u7c73\u56fd\u3067\u63a8\u5b9a10\u4e07\u4eba\u304c\u7f79\u60a3\u3059\u308bPCED\u306b\u306f\u627f\u8a8d\u6cbb\u7642\u304c\u5b58\u5728\u3057\u306a\u3044\u305f\u3081\u3001\u672c\u85ac\u306e\u30a4\u30f3\u30d1\u30af\u30c8\u306f\u4e00\u5c64\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u30d2\u30f3\u30c8:<\/strong> CHASE\u8a66\u9a13\u30c7\u30fc\u30bf\u306e\u958b\u793a\u30bf\u30a4\u30df\u30f3\u30b0\u30842025\u5e7410\u6708\u306eFDA\u5224\u65ad\u306f\u3001\u540c\u30bb\u30af\u30bf\u30fc\u306e\u76f4\u8fd1IPO\u306e\u30e2\u30e1\u30f3\u30bf\u30e0\u3092\u5de6\u53f3\u3057\u3084\u3059\u3044\u305f\u3081\u3001\u8ffd\u8de1\u3057\u3066\u304a\u304f\u3068\u826f\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u5e02\u5834\u898b\u901a\u3057\">\u5e02\u5834\u898b\u901a\u3057<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u540c\u793e\u306e\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3068\u773c\u79d1\u9818\u57df\u306b\u304a\u3051\u308b\u65b0\u898f\u6cbb\u7642\u306e\u5207\u5b9f\u306a\u9700\u8981\u306b\u652f\u3048\u3089\u308c\u3001KALA BIO\u306e\u5e02\u5834\u898b\u901a\u3057\u306f\u826f\u597d\u3067\u3059\u3002\u8cc7\u91d1\u8abf\u9054\u529b\u3068\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u524d\u9032\u306b\u3088\u308a\u30012025\u5e74\u306eIPO\u5019\u88dc\u306e\u4e2d\u3067\u3082\u6709\u529b\u682a\u3068\u3057\u3066\u4f4d\u7f6e\u4ed8\u3051\u3089\u308c\u307e\u3059\u3002KPI-012\u304c\u6709\u52b9\u6027\u3068\u5b89\u5168\u6027\u3092\u793a\u305b\u3070\u3001\u73fe\u884c\u306e\u6cbb\u7642\u9078\u629e\u80a2\u304c\u4e4f\u3057\u3044PCED\u5e02\u5834\u3067\u5927\u304d\u306a\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"caris-life-sciences\">Caris Life Sciences<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\">\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Caris Life Sciences\u306f\u3001\u9ad8\u5ea6\u306a\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u3088\u3063\u3066\u30d8\u30eb\u30b9\u30b1\u30a2\u5206\u91ce\u306eIPO\u3067\u629c\u304d\u3093\u51fa\u3066\u3044\u307e\u3059\u3002\u540c\u793e\u306eFDA\u627f\u8a8d\u691c\u67fb\u3067\u3042\u308b<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.carislifesciences.com\/about\/news-and-media\/caris-life-sciences-demonstrates-scientific-rigor-with-clinical-validation-of-fda-approved-mi-cancer-seek\/\">MI Cancer Seek\u00ae<\/a>\u306f\u30012025\u5e74\u306eIPO\u30b7\u30e7\u30fc\u30c8\u30ea\u30b9\u30c8\u306b\u898b\u3089\u308c\u308b\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u8c61\u5fb4\u3059\u308b\u5b58\u5728\u3067\u3059\u3002Caris\u306f\u30d7\u30ec\u30b7\u30b8\u30e7\u30f3\u30fb\u30aa\u30f3\u30b3\u30ed\u30b8\u30fc\u3092\u6d3b\u7528\u3057\u3066\u6cbb\u7642\u9078\u629e\u3092\u652f\u63f4\u3057\u3001\u304c\u3093\u533b\u7642\u306e\u91cd\u8981\u306a\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u308b\u5305\u62ec\u7684\u306a\u8a3a\u65ad\u30c4\u30fc\u30eb\u7fa4\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u81e8\u5e8a\u306e\u9032\u5c55\">\u81e8\u5e8a\u306e\u9032\u5c55<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Caris Life Sciences\u306f2025\u5e74\u306b\u3044\u304f\u3064\u3082\u306e\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3092\u9054\u6210\u3057\u307e\u3057\u305f\u30028\u6708\u306b\u306fMI Cancer Seek\u00ae\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u691c\u8a3c\u3068\u3001\u4e73\u304c\u3093\u6cbb\u7642\u306b\u5411\u3051\u305f\u30b7\u30fc\u30b1\u30f3\u30b7\u30f3\u30b0\u6226\u7565\u306e\u6700\u9069\u5316\u3092\u5b9f\u65bd\u3057\u3001\u816b\u760d\u5185\u79d1\u533b\u306b\u5b9f\u884c\u53ef\u80fd\u306a\u793a\u5506\u3092\u63d0\u4f9b\u3057\u307e\u3057\u305f\u30022025\u5e745\u670829\u65e5\u306b\u306fASCO\u5e74\u6b21\u7dcf\u4f1a\u3067Precision Oncology Alliance\u304b\u3089\u306e\u65b0\u305f\u306a\u9032\u6357\u3092\u767a\u8868\u3057\u3001IPO\u5019\u88dc\u3068\u3057\u3066\u306e\u4e3b\u5c0e\u7684\u5730\u4f4d\u3092\u3055\u3089\u306b\u78ba\u7acb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u5e02\u5834\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\">\u5e02\u5834\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Caris Life Sciences\u306f\u8a3a\u65ad\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u62e1\u5145\u306b\u4f34\u3044\u3001\u9855\u8457\u306a\u5e02\u5834\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\u3092\u6709\u3057\u3066\u3044\u307e\u3059\u3002\u81e8\u5e8a\u7684\u691c\u8a3c\u3068\u5b9f\u81e8\u5e8a\u30a8\u30d3\u30c7\u30f3\u30b9\u306b\u91cd\u70b9\u3092\u7f6e\u304f\u59ff\u52e2\u304c\u3001\u6210\u9577\u8ecc\u9053\u3092\u5f8c\u62bc\u3057\u3057\u3066\u3044\u307e\u3059\u3002\u30d7\u30ec\u30b7\u30b8\u30e7\u30f3\u30fb\u30aa\u30f3\u30b3\u30ed\u30b8\u30fc\u306e\u5c0e\u5165\u304c\u5e83\u304c\u308b\u306b\u3064\u308c\u3001\u8a3a\u65ad\u9818\u57df\u306e\u6709\u671b\u306aIPO\u30fb\u76f4\u8fd1IPO\u306e\u4e2d\u3067\u3001\u540c\u793e\u304c\u30ea\u30fc\u30c0\u30fc\u3068\u3057\u3066\u53f0\u982d\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u305d\u306e\u4ed6\u306e\u6ce8\u76ee\u30d0\u30a4\u30aa\u30c6\u30afipo\">\u305d\u306e\u4ed6\u306e\u6ce8\u76ee\u30d0\u30a4\u30aa\u30c6\u30afIPO<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306e\u30d8\u30eb\u30b9\u30b1\u30a2\u304a\u3088\u3073\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u5730\u56f3\u306f\u591a\u69d8\u3067\u3001\u6b21\u306e\u8868\u306f\u4e3b\u8981\u30d7\u30ec\u30fc\u30e4\u30fc\u3068\u4e3b\u306a\u6ce8\u529b\u9818\u57df\u3092\u307e\u3068\u3081\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>\u4f01\u696d\u540d<\/th><th>\u4e3b\u306a\u6ce8\u529b\u9818\u57df<\/th><\/tr><tr><td>Hinge Health<\/td><td>\u30d0\u30fc\u30c1\u30e3\u30eb\u7406\u5b66\u7642\u6cd5\u30b5\u30fc\u30d3\u30b9<\/td><\/tr><tr><td>Element Biosciences<\/td><td>\u7814\u7a76\u5e02\u5834\u5411\u3051\u907a\u4f1d\u5b50\u89e3\u6790\u30c4\u30fc\u30eb<\/td><\/tr><tr><td>Metsera, Inc.<\/td><td>\u80a5\u6e80\u30fb\u4ee3\u8b1d\u75be\u60a3\u5411\u3051\u6b21\u4e16\u4ee3\u30da\u30d7\u30c1\u30c9\u7642\u6cd5<\/td><\/tr><tr><td>Maze Therapeutics, Inc.<\/td><td>\u6162\u6027\u814e\u81d3\u75c5\u30fb\u5faa\u74b0\u5668\u75be\u60a3\u306e\u30d7\u30ec\u30b7\u30b8\u30e7\u30f3\u533b\u85ac<\/td><\/tr><tr><td>Ascentage Pharma Group<\/td><td>\u8840\u6db2\u60aa\u6027\u816b\u760d\u306b\u5bfe\u3059\u308b\u9769\u65b0\u7684\u6cbb\u7642<\/td><\/tr><tr><td>Zhengye Biotechnology<\/td><td>\u5bb6\u755c\u30fb\u4f34\u4fb6\u52d5\u7269\u5411\u3051\u52d5\u7269\u7528\u30ef\u30af\u30c1\u30f3<\/td><\/tr><tr><td>Nasus Pharma Ltd.<\/td><td>\u6551\u6025\u5bfe\u5fdc\u5411\u3051\u7c89\u672b\u578b\u7d4c\u9f3b\u6295\u4e0e\u7642\u6cd5<\/td><\/tr><tr><td>Curanex Pharmaceuticals Inc.<\/td><td>\u6f70\u760d\u6027\u5927\u8178\u708e\u306a\u3069\u3092\u5bfe\u8c61\u3068\u3059\u308b\u690d\u7269\u7531\u6765\u533b\u85ac<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Metsera\u3068Maze Therapeutics\u306f\u3001\u76f4\u8fd1\u306eIPO\u3067\u3082\u53d6\u308a\u4e0a\u3052\u3089\u308c\u3001\u80a5\u6e80\u30fb\u4ee3\u8b1d\u6027\u75be\u60a3\u3084\u6162\u6027\u75be\u60a3\u306b\u5bfe\u3059\u308b\u6b21\u4e16\u4ee3\u6cbb\u7642\u306b\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u3002Hinge Health\u3068Element Biosciences\u306f\u30c7\u30b8\u30bf\u30eb\u30d8\u30eb\u30b9\u3068\u907a\u4f1d\u5b50\u89e3\u6790\u3092\u524d\u9762\u306b\u62bc\u3057\u51fa\u3057\u3001\u30d8\u30eb\u30b9\u30b1\u30a2IPO\u306e\u5b9a\u7fa9\u3092\u5e83\u3052\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3-1\">\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306eIPO\u5019\u88dc\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306f\u3001\u4f1d\u7d71\u7684\u306a\u5275\u85ac\u958b\u767a\u3068\u6700\u5148\u7aef\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u878d\u5408\u3092\u4f53\u73fe\u3057\u3066\u3044\u307e\u3059\u3002Ascentage Pharma Group\u3084Curanex Pharmaceuticals Inc.\u306f\u3001\u304c\u3093\u3084\u708e\u75c7\u6027\u75be\u60a3\u306b\u5bfe\u3059\u308b\u9769\u65b0\u7684\u6cbb\u7642\u3092\u524d\u9032\u3055\u305b\u3001Nasus Pharma Ltd.\u306f\u6551\u6025\u533b\u7642\u5411\u3051\u7c89\u672b\u578b\u7d4c\u9f3b\u30c9\u30e9\u30c3\u30b0\u30c7\u30ea\u30d0\u30ea\u30fc\u3092\u958b\u62d3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\">\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306f\u3001\u4eca\u5f8c\u306eIPO\u3092\u5de6\u53f3\u3059\u308b\u4e3b\u8981\u30c9\u30e9\u30a4\u30d0\u30fc\u3067\u3059\u3002\u4f8b\u3048\u3070Aligos\u306f\u30012025\u5e74\u56fd\u969bHBV\u4f1a\u8b70\u30676\u4ef6\u306e\u524d\u81e8\u5e8a\u7814\u7a76\u3092\u767a\u8868\u3057\u3001B\u578b\u30fbD\u578b\u809d\u708e\u6cbb\u7642\u306e\u9032\u5c55\u3092\u793a\u3057\u307e\u3057\u305f\u3002Cognition Therapeutics\u306f\u3001\u65e9\u671f\u30a2\u30eb\u30c4\u30cf\u30a4\u30de\u30fc\u75c5\u3092\u5bfe\u8c61\u3068\u3059\u308b\u7b2c2\u76f8START\u8a66\u9a13\u3067\u767b\u9332\u738775%\u306b\u5230\u9054\u3057\u3001\u7c73\u56fd\u7acb\u8001\u5316\u7814\u7a76\u6240\u306e\u652f\u63f4\u3092\u53d7\u3051\u308bIPO\u5019\u88dc\u3068\u3057\u3066\u6ce8\u76ee\u3059\u3079\u304d\u6210\u679c\u3092\u4e0a\u3052\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u5e02\u5834\u898b\u901a\u3057-2\">\u5e02\u5834\u898b\u901a\u3057<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u76f4\u8fd1IPO\u306e\u5e02\u5834\u898b\u901a\u3057\u306f\u3001\u81e8\u5e8a\u6210\u679c\u306e\u9054\u6210\u3068\u30a2\u30f3\u30e1\u30c3\u30c8\u30fb\u30cb\u30fc\u30ba\u3078\u306e\u5bfe\u5fdc\u80fd\u529b\u306b\u4f9d\u5b58\u3057\u307e\u3059\u3002\u5f37\u529b\u306a\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3068\u691c\u8a3c\u6e08\u307f\u5019\u88dc\u85ac\u3092\u6301\u3064\u4f01\u696d\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u3092\u96c6\u3081\u3001\u30d0\u30a4\u30aa\u30c6\u30af\u682a\u306e\u30e2\u30e1\u30f3\u30bf\u30e0\u3092\u727d\u5f15\u3057\u304c\u3061\u3067\u3059\u30022025\u5e74\u306eIPO\u30b7\u30e7\u30fc\u30c8\u30ea\u30b9\u30c8\u3092\u8ffd\u3046\u306b\u3042\u305f\u308a\u3001\u9069\u5fdc\u529b\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3001\u6226\u7565\u7684\u6210\u9577\u304c\u6210\u529f\u306e\u4e2d\u5fc3\u7684\u30c6\u30fc\u30de\u3067\u3042\u308b\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u3053\u308c\u3089\u306eipo\u304c\u969b\u7acb\u3064\u7406\u7531\">\u3053\u308c\u3089\u306eIPO\u304c\u969b\u7acb\u3064\u7406\u7531<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30d0\u30a4\u30aa\u30c6\u30af\u306e\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\">\u30d0\u30a4\u30aa\u30c6\u30af\u306e\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u5206\u91ce\u306b\u306f\u9855\u8457\u306a\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u6ce2\u304c\u62bc\u3057\u5bc4\u305b\u3066\u3044\u307e\u3059\u3002\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u306b\u6319\u304c\u308b\u4f01\u696d\u306f\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u306b\u304a\u3051\u308b\u53ef\u80fd\u6027\u3092\u518d\u5b9a\u7fa9\u3059\u308b\u6cbb\u7642\u3084\u6280\u8853\u3092\u63d0\u6848\u3057\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.pharmaceutical-technology.com\/news\/lb-pharmaceuticals-tops-2025-biotech-ipo-list-with-285m-nasdaq-debut\/\">LB Pharmaceuticals\u306fLB-102<\/a>\uff08\u7d4c\u53e3\u306e\u7d71\u5408\u5931\u8abf\u75c7\u6cbb\u7642\uff09\u3067\u5148\u5c0e\u3057\u3066\u3044\u307e\u3059\u3002\u672c\u5264\u306f\u30a2\u30df\u30b9\u30eb\u30d7\u30ea\u30c9\u3092\u57fa\u76e4\u3068\u3057\u306a\u304c\u3089\u3082\u5dee\u5225\u5316\u3055\u308c\u305f\u6cbb\u7642\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb\u3092\u793a\u3057\u3001\u7cbe\u795e\u75be\u60a3\u306e\u30a2\u30f3\u30e1\u30c3\u30c8\u30fb\u30cb\u30fc\u30ba\u306b\u5fdc\u3048\u307e\u3059\u3002\u7b2cII\u76f8\u8a66\u9a13\u30c7\u30fc\u30bf\u3067\u306f\u75c7\u72b6\u306e\u6709\u610f\u306a\u6539\u5584\u304c\u793a\u3055\u308c\u3001\u6cbb\u7642\u9078\u629e\u80a2\u306e\u65b0\u6642\u4ee3\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002\u304c\u3093\u9818\u57df\u3067\u3082\u3001Caris Life Sciences\u306eMI Cancer Seek\u00ae\u306e\u3088\u3046\u306a\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u816b\u760d\u5185\u79d1\u533b\u306e\u610f\u601d\u6c7a\u5b9a\u3092\u652f\u63f4\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u30d6\u30ec\u30fc\u30af\u30b9\u30eb\u30fc\u306f\u5909\u5316\u306e\u89e6\u5a92\u3068\u306a\u308a\u3001\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u3092\u9ad8\u3081\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u30fb\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u65b0\u57fa\u6e96\u3092\u6253\u3061\u7acb\u3066\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u6ce8:<\/strong> \u5b9f\u81e8\u5e8a\u3078\u306e\u30a4\u30f3\u30d1\u30af\u30c8\u3092\u81e8\u5e8a\u30c7\u30fc\u30bf\u3084\u691c\u8a3c\u6e08\u307f\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3067\u793a\u3059\u4f01\u696d\u307b\u3069\u3001\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u3092\u96c6\u3081\u3084\u3059\u304f\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306f\u5f15\u304d\u7d9a\u304d\u4e3b\u8981\u306a\u727d\u5f15\u5f79\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2025-\u5e74\u306e\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\">2025\u5e74\u306e\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306f\u3001\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u9f13\u52d5\u3068\u3082\u8a00\u3048\u308b\u5b58\u5728\u3067\u3059\u3002\u81e8\u5e8a\u30d7\u30ed\u30b0\u30e9\u30e0\u304c\u6b63\u5ff5\u5834\u306b\u5dee\u3057\u639b\u304b\u308b\u4f01\u696d\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u6ce8\u76ee\u3092\u4e00\u6bb5\u3068\u96c6\u3081\u307e\u3059\u3002KALA BIO\u306eCHASE\u8a66\u9a13\u306f\u767b\u9332\u5b8c\u4e86\u306b\u9054\u3057\u3001\u96e3\u6cbb\u6027\u89d2\u819c\u4e0a\u76ae\u6b20\u640d\uff08PCED\uff09\u6cbb\u7642KPI-012\u306e\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u30c7\u30fc\u30bf\u958b\u793a\u3092\u6e96\u5099\u4e2d\u3067\u3059\u3002\u6162\u6027\u75be\u60a3\u306e\u6b21\u4e16\u4ee3\u6cbb\u7642\u3092\u9032\u3081\u308bMaze Therapeutics\u3084Metsera\u3067\u3082\u540c\u69d8\u306e\u52e2\u3044\u304c\u898b\u3089\u308c\u307e\u3059\u3002FDA\u627f\u8a8d\u3084\u8a66\u9a13\u6210\u529f\u3068\u3044\u3063\u305f\u81e8\u5e8a\u306e\u9032\u5c55\u306f\u3001\u4f01\u696d\u304c\u6210\u9577\u306e\u6b21\u6bb5\u968e\u3078\u9032\u3080\u5408\u56f3\u3067\u3042\u308a\u3001\u9577\u671f\u6295\u8cc7\u3092\u72d9\u3046\u6295\u8cc7\u5bb6\u306b\u79d1\u5b66\u7684\u59a5\u5f53\u6027\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6ce8\u76ee\u3059\u3079\u304d\u30dd\u30a4\u30f3\u30c8:\n<ol class=\"wp-block-list\">\n<li>\u81e8\u5e8a\u8a66\u9a13\u30c7\u30fc\u30bf\u958b\u793a\u306e\u30bf\u30a4\u30df\u30f3\u30b0<\/li>\n\n\n\n<li>\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306b\u5f71\u97ff\u3059\u308bFDA\u306e\u5224\u65ad<\/li>\n\n\n\n<li>\u304c\u3093\u304a\u3088\u3073\u5e0c\u5c11\u75be\u60a3\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u6295\u8cc7\u5bb6\u306e\u652f\u63f4\">\u6295\u8cc7\u5bb6\u306e\u652f\u63f4<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u3001\u30d0\u30a4\u30aa\u30c6\u30afIPO\u3078\u306e\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u306f\u65b0\u305f\u306a\u9ad8\u307e\u308a\u3092\u898b\u305b\u3066\u3044\u307e\u3059\u3002\u8457\u540dVC\u3084\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u30d8\u30eb\u30b9\u30b1\u30a2\u30fb\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u652f\u63f4\u306b\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u52a0\u901f\u3057\u307e\u3059\u3002<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/vc-mapping.gilion.com\/venture-capital-firms\/biotech-investors\">\u4ee5\u4e0b\u306e\u8868\u306f\u3001\u6ce8\u76ee\u306e\u4e0a\u5834\u306b\u7a4d\u6975\u7684\u306a\u6295\u8cc7\u5bb6\u306e\u4e00\u4f8b<\/a>\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\/\u6295\u8cc7\u4e3b\u4f53<\/th><th>\u4e3b\u306a\u52d5\u5411<\/th><\/tr><tr><td>Bristol Myers Squibb<\/td><td>\u6b21\u4e16\u4ee3\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306b\u5411\u3051\u305fVC\u6d3b\u52d5\u306e\u62e1\u5927<\/td><\/tr><tr><td>Sanofi<\/td><td>\u6226\u7565\u7684\u30d0\u30a4\u30aa\u30c6\u30af\u6295\u8cc7<\/td><\/tr><tr><td>Eli Lilly<\/td><td>\u5275\u85ac\u958b\u767a\u3078\u306e\u30a2\u30fc\u30ea\u30fc\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc<\/td><\/tr><tr><td>Merck<\/td><td>\u6d3b\u767a\u306a\u30d0\u30a4\u30aa\u30c6\u30af\u6295\u8cc7<\/td><\/tr><tr><td>Andreessen Horowitz\u2019s Bio Fund<\/td><td>AI\u5275\u85ac\u306eGenesis Therapeutics\u3092\u652f\u63f4<\/td><\/tr><tr><td>SoftBank<\/td><td>\u8a08\u7b97\u751f\u7269\u5b66\u306b\u6ce8\u529b\u3057\u5927\u578b\u30e9\u30a6\u30f3\u30c9\u3092\u4e3b\u5c0e<\/td><\/tr><tr><td>Novo Holdings<\/td><td>2024\u5e74\u306b\u5927\u578b\u30d0\u30a4\u30aa\u30c6\u30af\u6848\u4ef6<\/td><\/tr><tr><td>Frazier Life Sciences<\/td><td>\u5275\u85ac\u521d\u671f\u6bb5\u968e\u3078\u306e\u6295\u8cc7<\/td><\/tr><tr><td>Arch Venture Partners<\/td><td>\u4e3b\u8981\u30d0\u30a4\u30aa\u30c6\u30af\u6295\u8cc7<\/td><\/tr><tr><td>Forbion Ventures<\/td><td>\u6cbb\u7642\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306b\u6ce8\u529b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u306e\u9ad8\u307e\u308a\u306f\u3001\u30bb\u30af\u30bf\u30fc\u306e\u9069\u5fdc\u529b\u3068\u6226\u7565\u7684\u6210\u9577\u3078\u306e\u81ea\u4fe1\u3092\u793a\u3059\u3082\u306e\u3067\u3059\u3002\u30a8\u30af\u30a4\u30c6\u30a3\u52d5\u5411\u3092\u5206\u6790\u3059\u308b\u3068\u3001\u5f37\u56fa\u306a\u81e8\u5e8a\u30c7\u30fc\u30bf\u3068\u6709\u671b\u306a\u6cbb\u7642\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u6301\u3064\u4f01\u696d\u307b\u3069\u6ce8\u76ee\u3092\u96c6\u3081\u3084\u3059\u3044\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u652f\u63f4\u306f\u3001\u7814\u7a76\u958b\u767a\u8cc7\u6e90\u306e\u62e1\u5145\u3001\u958b\u767a\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\u306e\u77ed\u7e2e\u3001\u5e02\u5834\u5c55\u958b\u306e\u62e1\u5927\u3078\u3068\u3064\u306a\u304c\u308a\u3001\u7279\u306b\u304c\u3093\u3084\u5e0c\u5c11\u75be\u60a3\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3067\u52b9\u679c\u3092\u767a\u63ee\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u30d2\u30f3\u30c8:<\/strong> \u3053\u308c\u3089\u306eVC\u306e\u52d5\u5411\u3092\u8ffd\u3046\u3053\u3068\u3067\u3001\u6210\u529f\u304c\u898b\u8fbc\u307e\u308c\u308b\u30d8\u30eb\u30b9\u30b1\u30a2\u30fb\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3092\u65e9\u671f\u306b\u898b\u6975\u3081\u3089\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u4eca\u5f8c\u306eipo\u5e02\u5834\u30c8\u30ec\u30f3\u30c9\">\u4eca\u5f8c\u306eIPO\u5e02\u5834\u30c8\u30ec\u30f3\u30c9<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/statics.mylandingpages.co\/static\/aaanxdmf26c522mpaaahnjdudiwytyw6\/image\/5d587e9785c744e681755efa4648b7a7.webp\" alt=\"\u4eca\u5f8c\u306eIPO\u5e02\u5834\u30c8\u30ec\u30f3\u30c9\"><figcaption class=\"wp-element-caption\">\u753b\u50cf\u51fa\u5178: <a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/pexels.com\">pexels<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2025-\u5e74\u306eipo\u30e9\u30c3\u30b7\u30e5\">2025\u5e74\u306eIPO\u30e9\u30c3\u30b7\u30e5<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u3001IPO\u5e02\u5834\u306f\u8457\u3057\u3044\u56de\u5fa9\u57fa\u8abf\u306b\u3042\u308a\u3001\u30d0\u30a4\u30aa\u30c6\u30af\u5206\u91ce\u306e\u65b0\u898f\u4e0a\u5834\u304c\u76f8\u6b21\u3044\u3067\u3044\u307e\u3059\u3002Renaissance Capital\u306f\u3001\u4eca\u5e74<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/dealroom.net\/blog\/upcoming-recent-ipos\">155\u301c195\u4ef6\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO<\/a>\u3092\u4e88\u6e2c\u3057\u3066\u304a\u308a\u3001\u30bb\u30af\u30bf\u30fc\u306e\u9069\u5fdc\u529b\u3068\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u65fa\u76db\u306a\u9700\u8981\u3092\u7269\u8a9e\u308a\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u3001\u5805\u7262\u306a\u81e8\u5e8a\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3068\u5546\u696d\u5316\u3078\u306e\u660e\u78ba\u306a\u9053\u7b4b\u3092\u6301\u3064\u4f01\u696d\u3092\u91cd\u8996\u3059\u308b\u3088\u3046\u306b\u306a\u3063\u3066\u304a\u308a\u3001\u30d6\u30ec\u30fc\u30af\u30b9\u30eb\u30fc\u6cbb\u7642\u3084\u8a3a\u65ad\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3078\u306e\u671f\u5f85\u3001\u305d\u3057\u3066\u4e00\u822c\u6295\u8cc7\u5bb6\u8cc7\u91d1\u306e\u56de\u5e30\u304c\u5e02\u5834\u306e\u5927\u304d\u306a\u52d5\u304d\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u307e\u3059\u30022025\u5e74\u306e\u65b0\u898f\u4e0a\u5834\u4ef6\u6570\u306f\u3001\u4f4e\u8abf\u3060\u3063\u305f\u904e\u53bb\u6570\u5e74\u3068\u5bfe\u7167\u7684\u3067\u3001\u30d8\u30eb\u30b9\u30b1\u30a2\u306e\u5730\u6bbb\u5909\u52d5\u3092\u544a\u3052\u308b\u7bc0\u76ee\u306e\u5e74\u3068\u306a\u308a\u305d\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>2025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u4e88\u6e2c\uff1a\n<ul class=\"wp-block-list\">\n<li>155\u301c195\u4ef6\uff08Renaissance Capital\uff09<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u6d3b\u6cc1\u306f\u3001\u8cc7\u7523\uff08\u30a2\u30bb\u30c3\u30c8\uff09\u4e2d\u5fc3\u306e\u8a55\u4fa1\u3078\u306e\u30b7\u30d5\u30c8\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u6295\u8cc7\u5bb6\u306f\u5177\u4f53\u7684\u4fa1\u5024\u3068\u81e8\u5e8a\u7684\u691c\u8a3c\u3092\u3088\u308a\u5f37\u304f\u6c42\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"fda\u5224\u65ad\u306e\u5f71\u97ff\">FDA\u5224\u65ad\u306e\u5f71\u97ff<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">FDA\u306e\u5224\u65ad\u306f\u3001\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u6210\u529f\u306b\u6c7a\u5b9a\u7684\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3057\u307e\u3059\u3002\u8fd1\u5e74\u3001\u898f\u5236\u9762\u306e\u4e0d\u78ba\u5b9f\u6027\u304c\u3001\u65b0\u898f\u4e0a\u5834\u3092\u691c\u8a0e\u3059\u308b\u4f01\u696d\u306b\u3068\u3063\u3066\u96e3\u3057\u3044\u74b0\u5883\u3092\u751f\u307f\u307e\u3057\u305f\u3002\u627f\u8a8d\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u9806\u5b88\u3078\u306e\u61f8\u5ff5\u304b\u3089\u3001\u5e02\u5834\u3092\u614e\u91cd\u306b\u898b\u308b\u6295\u8cc7\u5bb6\u3082\u3044\u307e\u3059\u30022024\u5e74\u3001FDA\u306f\u65b0\u85ac\u309250\u4ef6\u627f\u8a8d\u3057\uff082023\u5e74\u306e33\u4ef6\u304b\u3089\u5897\u52a0\uff09\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u7740\u5b9f\u306a\u6b69\u307f\u3092\u793a\u3057\u307e\u3057\u305f\u304c\u3001\u540c\u5e81\u306e\u4eba\u54e1\u524a\u6e1b\u306f\u4eca\u5f8c\u306e\u627f\u8a8d\u9045\u5ef6\u3092\u3082\u305f\u3089\u3059\u6050\u308c\u3082\u3042\u308a\u307e\u3059\u3002\u30e2\u30e1\u30f3\u30bf\u30e0\u7dad\u6301\u306b\u306f\u898f\u5236\u306e\u660e\u78ba\u3055\u304c\u4e0d\u53ef\u6b20\u3067\u3001\u30bf\u30a4\u30e0\u30ea\u30fc\u306a\u627f\u8a8d\u306f\u6295\u8cc7\u5bb6\u5fc3\u7406\u3068\u6210\u9577\u6226\u7565\u306e\u89e6\u5a92\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6700\u8fd1\u306eFDA\u52d5\u5411\uff1a\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.pharmavoice.com\/news\/biotech-ipo-momentum-market-turmoil\/752985\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u898f\u5236\u306e\u4e0d\u78ba\u5b9f\u6027\u304cIPO\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u6210\u529f\u306b\u5f71\u97ff<\/a><\/li>\n\n\n\n<li>\u627f\u8a8d\u9045\u5ef6\u306f\u6295\u8cc7\u5bb6\u306e\u4fe1\u983c\u611f\u3092\u640d\u306a\u3046<\/li>\n\n\n\n<li>2024\u5e74\u306e\u65b0\u85ac\u627f\u8a8d\u306f50\u4ef6\uff082023\u5e74\u306e33\u4ef6\u304b\u3089\u5897\u52a0\uff09<\/li>\n\n\n\n<li>\u4eba\u54e1\u524a\u6e1b\u306f\u4eca\u5f8c\u306e\u627f\u8a8d\u306b\u9045\u308c\u3092\u751f\u3080\u53ef\u80fd\u6027<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3046\u3057\u305f\u52d5\u5411\u306f2025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u8ecc\u9053\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u5f97\u308b\u305f\u3081\u3001\u7d99\u7d9a\u7684\u306a\u30d5\u30a9\u30ed\u30fc\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u6295\u8cc7\u5bb6\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\">\u6295\u8cc7\u5bb6\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u3001\u6295\u8cc7\u5bb6\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306f\u597d\u8ee2\u3057\u3066\u3044\u307e\u3059\u3002\u8abf\u67fb\u3084\u5e02\u5834\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u3001<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.pharmexec.com\/view\/biotech-investor-sentiment-climbing-steadily-with-growing-enthusiasm-heading-into-2025\">\u6295\u8cc7\u5bb6\u306e\u5f37\u6c17\u59ff\u52e2<\/a>\u304c\u660e\u3089\u304b\u3067\u3001\u4e00\u822c\u6295\u8cc7\u5bb6\u8cc7\u91d1\u304c\u30bb\u30af\u30bf\u30fc\u306b\u623b\u308a\u3064\u3064\u3042\u308b\u3068\u898b\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u653f\u6a29\u9078\u6319\u306f\u4e0d\u78ba\u5b9f\u6027\u306e\u6e90\u306b\u306a\u308a\u304c\u3061\u3067\u3059\u304c\u3001\u30d0\u30a4\u30aa\u30c6\u30af\u306b\u5bfe\u3059\u308b\u5f71\u97ff\u306f\u9650\u5b9a\u7684\u3068\u3055\u308c\u3001IPO\u5e02\u5834\u3092\u52d5\u304b\u3059\u6839\u672c\u8981\u56e0\u306b\u6ce8\u76ee\u304c\u96c6\u307e\u3063\u3066\u3044\u307e\u3059\u30022024\u5e74\u524d\u534a\u306e\u82e6\u6226\u306f\u3001\u4e0a\u5834\u306e\u6642\u671f\u5c1a\u65e9\u304c\u4e00\u56e0\u3067\u3057\u305f\u304c\u3001\u73fe\u5728\u306f\u5b9f\u8a3c\u6e08\u307f\u306e\u81e8\u5e8a\u6bb5\u968e\u30a2\u30bb\u30c3\u30c8\u304c\u9078\u597d\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u5e0c\u5c11\u75be\u60a3\u3084\u6a19\u7684\u578b\u816b\u760d\u9818\u57df\u3078\u306e\u95a2\u5fc3\u304c\u5f37\u307e\u308a\u3001\u8cc7\u7523\u4e2d\u5fc3\u306e\u898b\u65b9\u304c\u6295\u8cc7\u5224\u65ad\u3092\u4e3b\u5c0e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>2025\u5e74\u3001\u6295\u8cc7\u5bb6\u306f\u30d0\u30a4\u30aa\u30c6\u30af\u306b\u3088\u308a\u697d\u89b3\u7684\u3002<\/li>\n\n\n\n<li>\u4e00\u822c\u6295\u8cc7\u5bb6\u8cc7\u91d1\u306e\u5e02\u5834\u56de\u5e30\u3002<\/li>\n\n\n\n<li>\u5927\u7d71\u9818\u9078\u306e\u5f71\u97ff\u306f\u9650\u5b9a\u7684\u3002<\/li>\n\n\n\n<li>2024\u5e74\u524d\u534a\u306eIPO\u4f4e\u8abf\u306f\u6642\u671f\u5c1a\u65e9\u306a\u4e0a\u5834\u304c\u4e00\u56e0\u3002<\/li>\n\n\n\n<li>\u8cb7\u53ce\u306e\u4e2d\u5fc3\u306f\u9ad8\u54c1\u8cea\u306a\u81e8\u5e8a\u6bb5\u968e\u4f01\u696d\u3078\u3002<\/li>\n\n\n\n<li>\u5e0c\u5c11\u75be\u60a3\u30fb\u6a19\u7684\u578b\u816b\u760d\u306b\u30d5\u30a9\u30fc\u30ab\u30b9\u3002<\/li>\n\n\n\n<li>\u8cc7\u7523\u4e2d\u5fc3\u306e\u8a55\u4fa1\u304c\u6295\u8cc7\u3092\u727d\u5f15\u3002<\/li>\n<\/ol>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u6ce8:<\/strong> \u3053\u308c\u3089\u306e\u30c8\u30ec\u30f3\u30c9\u3092\u8ffd\u3046\u3053\u3068\u306f\u3001\u5e02\u5834\u30a4\u30f3\u30c6\u30ea\u30b8\u30a7\u30f3\u30b9\u3092\u78e8\u304d\u3001\u9032\u5316\u3059\u308bIPO\u5e02\u5834\u3067\u306e\u6226\u7565\u7684\u6210\u9577\u6a5f\u4f1a\u3092\u898b\u6975\u3081\u308b\u3046\u3048\u3067\u6709\u76ca\u3067\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"\u30ea\u30b9\u30af\u3068\u6a5f\u4f1a\">\u30ea\u30b9\u30af\u3068\u6a5f\u4f1a<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\">\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306f\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u5bbf\u547d\u3067\u3059\u3002\u653f\u7b56\u5909\u52d5\uff08\u7c73\u56fd\u653f\u7b56\u306e\u5909\u5316\u3084\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u6cd5\u306e\u5f71\u97ff\u306a\u3069\uff09\u306f\u591a\u304f\u306e\u4f01\u696d\u306e\u53ce\u76ca\u898b\u901a\u3057\u3092\u5909\u3048\u307e\u3057\u305f\u3002\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u671f\u306eIPO\u30d6\u30fc\u30e0\u3068\u6bd4\u3079\u308b\u3068\u8cc7\u91d1\u8abf\u9054\u306f\u53b3\u3057\u304f\u3001\u6295\u8cc7\u5bb6\u5fc3\u7406\u306f\u63fa\u308c\u3084\u3059\u304f\u30012023\u5e74\u4ee5\u964d\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u4e2d\u592e\u5024\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u3001FDA\u627f\u8a8d\u30d7\u30ed\u30bb\u30b9\u306e\u9032\u5316\u306f\u3088\u308a\u591a\u304f\u306e\u30c7\u30fc\u30bf\u3068\u53b3\u683c\u306a\u8a55\u4fa1\u3092\u8981\u6c42\u3057\u307e\u3059\u3002\u5404\u5730\u57df\u3067\u898f\u5236\u8abf\u548c\u304c\u9032\u307e\u305a\u3001\u4f01\u696d\u306f\u7570\u306a\u308b\u30eb\u30fc\u30eb\u3092\u4e57\u308a\u8d8a\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u3001\u30b3\u30b9\u30c8\u5897\u3068\u4e0a\u5e02\u306e\u9045\u5ef6\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u8981\u56e0\u304c\u4fa1\u683c\u5909\u52d5\u3068\u4e0d\u78ba\u5b9f\u6027\u3092\u5e38\u614b\u5316\u3055\u305b\u308b\u305f\u3081\u3001\u6700\u65b0\u60c5\u5831\u3092\u628a\u63e1\u3057\u67d4\u8edf\u306b\u5bfe\u5fdc\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u6ce8:<\/strong> \u653f\u7b56\u5909\u66f4\u3084\u898f\u5236\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u306e\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0\u306f\u3001\u5e02\u5834\u74b0\u5883\u306e\u5909\u5316\u3092\u3044\u3061\u65e9\u304f\u5bdf\u77e5\u3057\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u4e0a\u6607\u5c40\u9762\u3092\u898b\u6975\u3081\u308b\u52a9\u3051\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30c7\u30e5\u30fc\u30c7\u30a3\u30ea\u30b8\u30a7\u30f3\u30b9\">\u30c7\u30e5\u30fc\u30c7\u30a3\u30ea\u30b8\u30a7\u30f3\u30b9<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5468\u5230\u306a\u30c7\u30e5\u30fc\u30c7\u30a3\u30ea\u30b8\u30a7\u30f3\u30b9\u306f\u3001\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306b\u5185\u5728\u3059\u308b\u30ea\u30b9\u30af\u3078\u306e\u6700\u826f\u306e\u9632\u5fa1\u3067\u3059\u3002\u6295\u8cc7\u306e\u5c02\u9580\u5bb6\u306f\u3001\u5177\u4f53\u7684\u306a\u9032\u5c55\u3068\u78ba\u304b\u306a\u4e8b\u696d\u6027\u3092\u6295\u8cc7\u524d\u306e\u6761\u4ef6\u3068\u3057\u3066\u5f37\u8abf\u3057\u307e\u3059\u3002\u5927\u304d\u306a\u30ea\u30b9\u30af\u4f4e\u6e1b\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3068\u81e8\u5e8a\u7684\u691c\u8a3c\u3092\u9054\u6210\u3057\u305f\u4f01\u696d\u306b\u6ce8\u76ee\u3059\u3079\u304d\u3067\u3059\u3002\u9ad8\u91d1\u5229\u3068\u6295\u8cc7\u5bb6\u306e\u9078\u5225\u59ff\u52e2\u304c\u5f37\u307e\u308b\u30de\u30af\u30ed\u74b0\u5883\u3067\u306f\u3001\u521d\u671f\u6bb5\u968e\u4f01\u696d\u306e\u8cc7\u91d1\u8abf\u9054\u306f\u96e3\u3057\u304f\u306a\u308a\u307e\u3059\u3002\u4ee5\u4e0b\u306e\u6226\u7565\u3067\u5206\u6790\u3092\u5f37\u5316\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/qubit.capital\/blog\/prepare-ipos-spacs-biotech\" target=\"_blank\" rel=\"noreferrer noopener\">\u73fe\u5728\u306e\u5831\u544a\u5b9f\u52d9\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u7279\u5b9a<\/a><\/li>\n\n\n\n<li>\u4e0a\u5834\u4f01\u696d\u3068\u3057\u3066\u306e\u904b\u55b6\u8981\u4ef6\u3092\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/li>\n\n\n\n<li>\u53ce\u76ca\u8a8d\u8b58\u306e\u9069\u5408\u6027\u3068\u30c7\u30fc\u30bf\u6574\u5408\u6027\u3092\u8a55\u4fa1<\/li>\n\n\n\n<li>SOX\uff08\u30b5\u30fc\u30d9\u30f3\u30b9\u30fb\u30aa\u30af\u30b9\u30ea\u30fc\u6cd5\uff09\u9075\u5b88\u4f53\u5236\u3092\u6574\u5099\u3057\u3001\u6295\u8cc7\u5bb6\u306e\u4fe1\u983c\u3092\u7dad\u6301<\/li>\n\n\n\n<li>\u4e0d\u6b63\u30ea\u30b9\u30af\u3092\u6291\u3048\u308b\u305f\u3081\u306e\u6b63\u78ba\u306a\u8ca1\u52d9\u5831\u544a<\/li>\n\n\n\n<li><a href=\"https:\/\/www.dealmaker.tech\/content\/navigating-biotech-funding-top-strategies-for-startups-and-investors\" target=\"_blank\" rel=\"noreferrer noopener\">\u81e8\u5e8a\u30c7\u30fc\u30bf\u306e\u5fb9\u5e95\u8a55\u4fa1<\/a>\uff08\u8a66\u9a13\u8a08\u753b\u66f8\u30fb\u7d50\u679c\u306e\u7cbe\u67fb\uff09<\/li>\n\n\n\n<li>\u60a3\u8005\u80cc\u666f\u3001\u8a55\u4fa1\u9805\u76ee\u3001\u6709\u5bb3\u4e8b\u8c61\u306e\u8a18\u9332\u3092\u691c\u8a3c<\/li>\n\n\n\n<li>\u5b89\u5168\u6027\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0\u624b\u9806\u3068\u898f\u5236\u5f53\u5c40\u3068\u306e\u5f80\u6765\u66f8\u7c21\u306e\u6574\u5099<\/li>\n\n\n\n<li>\u4e0a\u5834\u4f01\u696d\u306b\u6c42\u3081\u3089\u308c\u308b\u80fd\u529b\u6c34\u6e96\u306b\u7167\u3089\u3057\u3001\u7d4c\u55b6\u9663\u306e\u80fd\u529b\u3092\u5b9a\u671f\u7684\u306b\u8a55\u4fa1<\/li>\n\n\n\n<li>SOX\u5bfe\u5fdc\u306e\u5185\u90e8\u7d71\u5236\u3068\u76e3\u67fb\u30d7\u30ed\u30bb\u30b9\u3092\u69cb\u7bc9<\/li>\n\n\n\n<li>\u591a\u69d8\u306a\u5c02\u9580\u6027\u3092\u6301\u3064\u72ec\u7acb\u53d6\u7de0\u5f79\u4f1a\u3092\u7d44\u6210\u3057\u3001\u30ac\u30d0\u30ca\u30f3\u30b9\u3092\u5f37\u5316<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u624b\u9806\u306b\u3088\u308a\u3001\u5f37\u56fa\u306a\u57fa\u76e4\u3092\u6301\u3064\u4f01\u696d\u3092\u9078\u5225\u3057\u3001\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u3084\u898f\u5236\u9762\u306e\u60f3\u5b9a\u5916\u306b\u6652\u3055\u308c\u308b\u30ea\u30b9\u30af\u3092\u8efd\u6e1b\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u9577\u671f\u7684\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\">\u9577\u671f\u7684\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u77ed\u671f\u7684\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306b\u3070\u3089\u3064\u304d\u304c\u3042\u308b\u4e00\u65b9\u3067\u3001\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u9577\u671f\u7684\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\u306f\u4f9d\u7136\u3068\u3057\u3066\u9b45\u529b\u7684\u3067\u3059\u3002\u6b74\u53f2\u7684\u30c7\u30fc\u30bf\u3067\u306f\u3001<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/patentpc.com\/blog\/biotech-ipos-in-2020-2030-how-many-companies-are-going-public-investment-data\">2022\u5e74\u306b\u65b0\u898f\u4e0a\u5834\u304c\u6025\u6e1b<\/a>\u3057\u3001\u524d\u5e74\u306e\u307b\u307c\u534a\u5206\u306b\u843d\u3061\u8fbc\u307f\u307e\u3057\u305f\u30022021\u5e74\u306b\u306f\u521d\u65e5\u30ea\u30bf\u30fc\u30f3\u304c30\u301c40%\u306b\u9054\u3059\u308b\u4f8b\u304c\u591a\u304b\u3063\u305f\u4e00\u65b9\u30012022\u5e74\u306b\u306f10%\u672a\u6e80\u306b\u4f4e\u4e0b\u30022020\u301c2023\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u7d0470%\u304c\u4e0a\u5834\u5f8c\u306b\u30a2\u30f3\u30c0\u30fc\u30d1\u30d5\u30a9\u30fc\u30e0\u3057\u3066\u304a\u308a\u3001\u5fcd\u8010\u3068\u6226\u7565\u7684\u5206\u6790\u306e\u91cd\u8981\u6027\u3092\u7269\u8a9e\u308a\u307e\u3059\u3002\u305d\u308c\u3067\u3082<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.pharmaceutical-technology.com\/news\/investors-insist-halted-biotech-ipos-will-return-in-2025\/\">2025\u5e74\u306b\u306f\u697d\u89b3\u8ad6\u304c\u518d\u71c3<\/a>\u3002\u672a\u5145\u8db3\u306e\u533b\u7642\u30cb\u30fc\u30ba\u304c\u6295\u8cc7\u3092\u727d\u5f15\u3057\u3001FDA\u306e\u6539\u5584\u30826\u301c9\u30ab\u6708\u4ee5\u5185\u306b\u671f\u5f85\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u8feb\u308a\u6765\u308b\u30d3\u30c3\u30b0\u30d5\u30a1\u30fc\u30de\u306e\u7279\u8a31\u5207\u308c\u3082\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3068\u306a\u308a\u3001\u65b0\u305f\u306a\u6210\u9577\u6a5f\u4f1a\u3092\u958b\u304d\u5f97\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>\u5e74<\/th><th>\u5e73\u5747\u521d\u65e5\u30ea\u30bf\u30fc\u30f3<\/th><th>\u30a2\u30f3\u30c0\u30fc\u30d1\u30d5\u30a9\u30fc\u30e0\u6bd4\u7387<\/th><\/tr><tr><td>2021\u5e74<\/td><td>30\u301c40%<\/td><td>\u2014<\/td><\/tr><tr><td>2022\u5e74<\/td><td>&lt;10%<\/td><td>70%\uff082020\u301c2023\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d0\u30a4\u30aa\u6295\u8cc7\u306e\u6210\u529f\u306b\u306f\u3001\u5f37\u56fa\u306a\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3001\u78ba\u304b\u306a\u30ac\u30d0\u30ca\u30f3\u30b9\u3001\u305d\u3057\u3066\u5e02\u5834\u74b0\u5883\u306e\u5909\u5316\u306b\u9069\u5fdc\u3059\u308b\u529b\u3092\u5099\u3048\u305f\u4f01\u696d\u306b\u9577\u671f\u7684\u8996\u70b9\u3067\u53d6\u308a\u7d44\u3080\u59ff\u52e2\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u30d2\u30f3\u30c8:<\/strong> \u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3084\u898f\u5236\u5224\u65ad\u306f\u3001\u9577\u671f\u6210\u9577\u3068\u6226\u7565\u7684\u6a5f\u4f1a\u306e\u8ee2\u63db\u70b9\u306b\u306a\u308a\u3084\u3059\u3044\u305f\u3081\u3001\u7d99\u7d9a\u7684\u306b\u8ffd\u8de1\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2025-\u5e74\u306b\u4e0a\u5834\u304c\u898b\u8fbc\u307e\u308c\u308b\u4f01\u696d\uff1a\u8981\u70b9\">2025\u5e74\u306b\u4e0a\u5834\u304c\u898b\u8fbc\u307e\u308c\u308b\u4f01\u696d\uff1a\u8981\u70b9<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30c8\u30c3\u30d7\u30d4\u30c3\u30af\u307e\u3068\u3081\">\u30c8\u30c3\u30d7\u30d4\u30c3\u30af\u307e\u3068\u3081<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306b\u4e0a\u5834\u304c\u6709\u529b\u8996\u3055\u308c\u308b\u4f01\u696d\u306e\u4e2d\u3067\u3082\u3001\u81e8\u5e8a\u5b9f\u7e3e\u3001\u5e02\u5834\u30e2\u30e1\u30f3\u30bf\u30e0\u3001\u6226\u7565\u30d3\u30b8\u30e7\u30f3\u3067\u5148\u982d\u3092\u8d70\u308b\u9298\u67c4\u304c\u3042\u308a\u307e\u3059\u3002\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u63a8\u5968\u3092\u632f\u308a\u8fd4\u308b\u3068\u3001\u3059\u3067\u306b<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.investors.com\/news\/technology\/biotech-stocks-the-top-5-to-watch-amid-a-blazing-hot-run\/\">\u9855\u8457\u306a\u682a\u4fa1\u4e0a\u6607\u3084\u91cd\u8981\u958b\u767a<\/a>\u3092\u793a\u3057\u305f\u4f01\u696d\u304c\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>\u4f01\u696d<\/th><th>\u682a\u4fa1\u52d5\u5411<\/th><th>\u4e3b\u306a\u958b\u767a<\/th><\/tr><tr><td>Cidara Therapeutics<\/td><td>+20%<\/td><td>\u975e\u30ef\u30af\u30c1\u30f3\u578b\u30a4\u30f3\u30d5\u30eb\u4e88\u9632\u85ac\u306e\u8a08\u753b\u3092\u62e1\u5145<\/td><\/tr><tr><td>MBX Biosciences<\/td><td>\u682a\u4fa1\u500d\u5897<\/td><td>\u7532\u72b6\u817a\u75be\u60a3\u6cbb\u7642\u3067\u6709\u671b\u30c7\u30fc\u30bf<\/td><\/tr><tr><td>UniQure<\/td><td>+250%<\/td><td>\u30cf\u30f3\u30c1\u30f3\u30c8\u30f3\u75c5\u306e\u9032\u884c\u30923\u5e74\u306775%\u6291\u5236\u3057\u305f\u907a\u4f1d\u5b50\u6cbb\u7642<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u4f01\u696d\u306f\u3001\u6e2c\u5b9a\u53ef\u80fd\u306a\u6210\u679c\u3068\u8fd1\u3044\u5c06\u6765\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306b\u7126\u70b9\u3092\u5f53\u3066\u308b\u3053\u3068\u3067\u6295\u8cc7\u5bb6\u306e\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070UniQure\u306e\u907a\u4f1d\u5b50\u6cbb\u7642\u7d50\u679c\u306f\u5e0c\u5c11\u75be\u60a3\u6cbb\u7642\u306e\u65b0\u305f\u306a\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u6253\u3061\u7acb\u3066\u307e\u3057\u305f\u3002MBX Biosciences\u306f\u7532\u72b6\u817a\u75be\u60a3\u306e\u6709\u671b\u30c7\u30fc\u30bf\u3067\u8a55\u4fa1\u3092\u500d\u5897\u3055\u305b\u3001Cidara Therapeutics\u306f\u30a4\u30f3\u30d5\u30eb\u4e88\u9632\u306e\u9818\u57df\u3092\u62e1\u5927\u3057\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u30ea\u30fc\u30c0\u30fc\u306e\u9032\u5c55\u306f\u30012025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u5168\u4f53\u306e\u30c8\u30ec\u30f3\u30c9\u3092\u793a\u3059\u5148\u884c\u6307\u6a19\u306b\u306a\u308a\u5f97\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u5bb6\u306f\u3001<a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/www.linkedin.com\/posts\/dr-mendonca-k_takeaways-from-2025-biotech-ipos-so-far-activity-7359801779657584640-fUsh\">\u8a66\u9a13\u8aad\u51fa\u3057\u3084\u7533\u8acb\u306a\u3069\u3001\u660e\u78ba\u306b\u6642\u671f\u304c\u5b9a\u307e\u3063\u305f\u30a4\u30d9\u30f3\u30c8<\/a>\u3092\u63b2\u3052\u308b\u4f01\u696d\u3092\u597d\u307f\u307e\u3059\u3002\u9577\u671f\u7684\u306a\u62bd\u8c61\u76ee\u6a19\u3088\u308a\u3001\u5177\u4f53\u7684\u306a\u30ab\u30bf\u30ea\u30b9\u30c8\u3092\u63d0\u793a\u3059\u308b\u7d44\u7e54\u3092\u512a\u5148\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30d0\u30a4\u30aa\u30c6\u30af\u30bb\u30af\u30bf\u30fc\u3078\u306e\u5f71\u97ff\">\u30d0\u30a4\u30aa\u30c6\u30af\u30bb\u30af\u30bf\u30fc\u3078\u306e\u5f71\u97ff<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306b\u898b\u8fbc\u307e\u308c\u308bIPO\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u30bb\u30af\u30bf\u30fc\u306e\u672a\u6765\u3092\u5f62\u4f5c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4f01\u696d\u306f\u79d1\u5b66\u7684\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3068\u6210\u719f\u3057\u305f\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306b\u6ce8\u529b\u3057\u3001<a href=\"https:\/\/www.ey.com\/en_us\/newsroom\/2025\/06\/ey-2025-biotech-beyond-borders-report-biopharma\" target=\"_blank\" rel=\"noreferrer noopener\">\u696d\u754c\u5168\u4f53\u306e\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u52a0\u901f<\/a>\u3002<\/li>\n\n\n\n<li>AI\u3084\u65b0\u6280\u8853\u306e\u6d3b\u7528\u3067\u52b9\u7387\u5316\u3068\u30d6\u30ec\u30fc\u30af\u30b9\u30eb\u30fc\u5275\u51fa\u3092\u63a8\u9032\u3002<\/li>\n\n\n\n<li>\u30de\u30af\u30ed\u4e0d\u78ba\u5b9f\u6027\u3068\u8cc7\u672c\u5236\u7d04\u306f\u5e02\u5834\u5168\u4f53\u306e\u6642\u4fa1\u7dcf\u984d\u62e1\u5927\u3092\u6291\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u4e00\u65b9\u3001\u30ec\u30b8\u30ea\u30a8\u30f3\u30c8\u306a\u30c1\u30fc\u30e0\u306f\u8fc5\u901f\u306b\u9069\u5fdc\u3057\u6226\u7565\u7684\u6210\u9577\u3092\u8ffd\u6c42\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a8\u30ad\u30b9\u30d1\u30fc\u30c8\u306f\u3001\u5275\u696d\u8005\u3084CEO\u306b\u5bfe\u3057\u3066\u3001IPO\u30b9\u30c8\u30fc\u30ea\u30fc\u3067\u8fd1\u63a5\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306e\u5f37\u8abf\u3092\u52e7\u3081\u3066\u3044\u307e\u3059\u3002\u30a2\u30fc\u30ea\u30fc\u30b9\u30c6\u30fc\u30b8\u306e\u30c1\u30fc\u30e0\u306f\u3001\u4e0a\u5834\u524d\u306b\u7279\u5b9a\u9054\u6210\u306b\u7d10\u3065\u304f\u63d0\u643a\u3084\u79c1\u52df\u3092\u9078\u597d\u3059\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002\u6210\u529f\u3059\u308b\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306b\u5171\u901a\u3059\u308b\u306e\u306f\u3001\u898f\u5236\u9806\u5b88\u3001\u7d4c\u9a13\u8c4a\u5bcc\u306a\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3001\u7cbe\u5ea6\u306e\u9ad8\u3044\u8ca1\u52d9\u4e88\u6e2c\u3067\u3059\u3002\u4ee5\u4e0b\u306e\u8868\u306f\u305d\u306e\u7279\u5fb4\u3092\u6574\u7406\u3057\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>\u7279\u5fb4<\/th><th>\u8aac\u660e<\/th><\/tr><tr><td>\u898f\u5236\u9075\u5b88<\/td><td>SEC\u898f\u5247\u306e\u9075\u5b88\u3068\u30bf\u30a4\u30e0\u30ea\u30fc\u306a\u8ca1\u52d9\u958b\u793a\u304c\u5fc5\u9808\u3002<\/td><\/tr><tr><td>\u7d4c\u9a13\u8c4a\u5bcc\u306a\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7<\/td><td>CEO\u306e\u591a\u304f\u306f40\u4ee3\u5f8c\u534a\u301c60\u4ee3\u524d\u534a\u3067\u3001\u719f\u7df4\u304c\u597d\u307e\u308c\u308b\u50be\u5411\u3002<\/td><\/tr><tr><td>\u8ca1\u52d9\u4e88\u6e2c\u80fd\u529b<\/td><td>\u53ce\u76ca\u6210\u9577\u3068\u53ce\u76ca\u6027\u306e\u7cbe\u7dfb\u306a\u898b\u901a\u3057\u304c\u6295\u8cc7\u5bb6\u306e\u4fe1\u983c\u3092\u91b8\u6210\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noreferrer noopener\" href=\"https:\/\/news.crunchbase.com\/public\/ipo-spac-readiness-biotech-startups-tips-wai-uhy\/\">IPO\u6642\u306e\u30d0\u30a4\u30aa\u30c6\u30afCEO\u306e\u4e2d\u592e\u5024\u5e74\u9f62\u306f54\u6b73<\/a>\u3068\u3055\u308c\u3001\u7d4c\u9a13\u3068\u5b89\u5b9a\u6027\u304c\u30b7\u30b9\u30c6\u30e0\u3068\u3057\u3066\u91cd\u8996\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u304c\u3046\u304b\u304c\u3048\u307e\u3059\u3002\u3053\u308c\u306f2025\u5e74\u306e\u5909\u5316\u3059\u308b\u74b0\u5883\u306b\u304a\u3051\u308b\u9069\u5fdc\u529b\u3068\u6226\u7565\u7684\u6210\u9577\u3092\u5f8c\u62bc\u3057\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u660e\u78ba\u306a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3001\u5f37\u56fa\u306a\u30ac\u30d0\u30ca\u30f3\u30b9\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3092\u5099\u3048\u305f\u4f01\u696d\u306b\u6ce8\u76ee\u3059\u308b\u3053\u3068\u3067\u3001\u4fa1\u5024\u3042\u308b\u5e02\u5834\u30a4\u30f3\u30c6\u30ea\u30b8\u30a7\u30f3\u30b9\u304c\u5f97\u3089\u308c\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u30c6\u30fc\u30de\u306f\u65b0\u305f\u306a\u4e0a\u5834\u304c\u73fe\u308c\u308b\u305f\u3073\u306b\u3001\u4eca\u5f8c\u3082\u30bb\u30af\u30bf\u30fc\u3092\u5f62\u4f5c\u3063\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u98a8\u666f\u306f\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3001\u6226\u7565\u7684\u6210\u9577\u3001\u305d\u3057\u3066\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3078\u306e\u518d\u6ce8\u76ee\u306b\u3088\u3063\u3066\u5f62\u4f5c\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.institutionalinvestor.com\/article\/2dvn6zxlxd16y3eb9x8u8\/innovation\/biotech-ipos-in-2025-quantity-quality-and-best-practices\" target=\"_blank\" rel=\"noreferrer noopener\">\u5dee\u5225\u5316\u3055\u308c\u305f\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3<\/a>\u3001\u7d4c\u9a13\u8c4a\u5bcc\u306a\u7d4c\u55b6\u9663\u3001\u5f37\u529b\u306a\u6295\u8cc7\u5bb6\u652f\u63f4\u3092\u8ffd\u8de1\u3057\u3001\u6709\u671b\u306a\u6a5f\u4f1a\u3092\u898b\u6975\u3081\u307e\u3057\u3087\u3046\u3002<\/li>\n\n\n\n<li>\u5e02\u5834\u74b0\u5883\u3068\u898f\u5236\u5224\u65ad\u3092\u6ce8\u8996\u3002\u73fe\u5728\u306f\u904e\u53bb\u306e\u6d3b\u6cc1\u671f\u4ee5\u4e0a\u306b\u3001\u305d\u308c\u3089\u306e\u91cd\u307f\u304c\u5897\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li><a href=\"https:\/\/news.crunchbase.com\/public\/ipo\/public-market-opening-predictive-intelligence-ai-2025-forecast\/\" target=\"_blank\" rel=\"noreferrer noopener\">Crunchbase<\/a>\u3001Wellington\u3001<a href=\"https:\/\/www.ib.barclays\/our-insights\/trends-in-biotech-and-pharma-manda-and-ipos-2025.html\" target=\"_blank\" rel=\"noreferrer noopener\">Barclays<\/a>\u306a\u3069\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3067\u3001\u4fe1\u983c\u3067\u304d\u308b\u6700\u65b0\u60c5\u5831\u3092\u6d3b\u7528\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u7d99\u7d9a\u7684\u306a\u60c5\u5831\u53ce\u96c6\u3068\u4e01\u5be7\u306a\u30ea\u30b5\u30fc\u30c1\u306f\u3001\u9032\u5316\u3059\u308bIPO\u5e02\u5834\u3092\u898b\u901a\u3057\u3001\u6709\u610f\u7fa9\u306a\u30d3\u30b8\u30cd\u30b9\u30c8\u30ec\u30f3\u30c9\u3092\u898b\u6975\u3081\u308b\u52a9\u3051\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"faq\">FAQ<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"2025-\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afipo\u304c\u300c\u512a\u308c\u3066\u3044\u308b\u300d\u3068\u8a00\u3048\u308b\u8981\u56e0\u306f\uff1f\">2025\u5e74\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u304c\u300c\u512a\u308c\u3066\u3044\u308b\u300d\u3068\u8a00\u3048\u308b\u8981\u56e0\u306f\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f37\u529b\u306a\u81e8\u5e8a\u30c7\u30fc\u30bf\u3001\u9769\u65b0\u7684\u306a\u6cbb\u7642\u6cd5\u3001\u7d4c\u9a13\u8c4a\u5bcc\u306a\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3092\u5099\u3048\u308b\u4f01\u696d\u304c\u76ee\u7acb\u3061\u307e\u3059\u3002\u660e\u78ba\u306a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3092\u63b2\u3052\u3001\u6025\u901f\u306b\u5909\u5316\u3059\u308b\u5e02\u5834\u3067\u306e\u9069\u5fdc\u529b\u3092\u793a\u3059\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306fipo\u306e\u6210\u529f\u306b\u3069\u3046\u5f71\u97ff\u3057\u307e\u3059\u304b\uff1f\">\u81e8\u5e8a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306fIPO\u306e\u6210\u529f\u306b\u3069\u3046\u5f71\u97ff\u3057\u307e\u3059\u304b\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u8a66\u9a13\u5b8c\u4e86\u3084FDA\u627f\u8a8d\u3068\u3044\u3063\u305f\u30a4\u30d9\u30f3\u30c8\u306f\u4e3b\u8981\u306a\u30ab\u30bf\u30ea\u30b9\u30c8\u3067\u3001\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u3092\u9ad8\u3081\u3001\u4e0a\u5834\u6e96\u5099\u306e\u6574\u3063\u305f\u4f01\u696d\u3067\u3042\u308b\u3053\u3068\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u306a\u305c\u6295\u8cc7\u5bb6\u306e\u652f\u63f4\u304c\u91cd\u8981\u306a\u306e\u3067\u3059\u304b\uff1f\">\u306a\u305c\u6295\u8cc7\u5bb6\u306e\u652f\u63f4\u304c\u91cd\u8981\u306a\u306e\u3067\u3059\u304b\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f37\u56fa\u306a\u6295\u8cc7\u5bb6\u652f\u63f4\u306f\u7814\u7a76\u30fb\u6210\u9577\u306e\u30ea\u30bd\u30fc\u30b9\u3092\u63d0\u4f9b\u3057\u3001\u4f01\u696d\u30d3\u30b8\u30e7\u30f3\u3078\u306e\u4fe1\u983c\u306e\u30b7\u30b0\u30ca\u30eb\u306b\u3082\u306a\u308a\u307e\u3059\u3002\u3055\u3089\u306a\u308b\u5e02\u5834\u306e\u6ce8\u76ee\u3092\u547c\u3073\u8fbc\u307f\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30d0\u30a4\u30aa\u30c6\u30afipo\u306b\u6295\u8cc7\u3059\u308b\u524d\u306b\u8003\u616e\u3059\u3079\u304d\u30ea\u30b9\u30af\u306f\uff1f\">\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306b\u6295\u8cc7\u3059\u308b\u524d\u306b\u8003\u616e\u3059\u3079\u304d\u30ea\u30b9\u30af\u306f\uff1f<\/h3>\n\n\n\n<p 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class=\"wp-block-paragraph\">FDA\u306e\u5224\u65ad\u306f\u4e0a\u5834\u8a08\u753b\u3092\u52a0\u901f\u307e\u305f\u306f\u9045\u5ef6\u3055\u305b\u5f97\u307e\u3059\u3002\u627f\u8a8d\u3084\u5f53\u5c40\u304b\u3089\u306e\u30d5\u30a3\u30fc\u30c9\u30d0\u30c3\u30af\u306f\u3001\u6295\u8cc7\u5bb6\u5fc3\u7406\u3084\u5e02\u5834\u30c7\u30d3\u30e5\u30fc\u306b\u5927\u304d\u304f\u5f71\u97ff\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306f\u30d0\u30a4\u30aa\u30c6\u30afipo\u306e\u98a8\u666f\u3067\u3069\u3093\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u304b\uff1f\">\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306f\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u98a8\u666f\u3067\u3069\u3093\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u304b\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306f\u6210\u9577\u3092\u727d\u5f15\u3057\u3001\u6295\u8cc7\u5bb6\u306e\u95a2\u5fc3\u3092\u96c6\u3081\u307e\u3059\u3002\u65b0\u3057\u3044\u6cbb\u7642\u3084\u6280\u8853\u3092\u5c0e\u5165\u3059\u308b\u4f01\u696d\u306f\u3001\u696d\u754c\u306e\u30c8\u30ec\u30f3\u30c9\u3092\u4f5c\u308a\u3001\u6226\u7565\u7684\u62e1\u5927\u306e\u65b0\u6a5f\u4f1a\u3092\u751f\u307f\u51fa\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u6700\u65b0\u306e\u30d0\u30a4\u30aa\u30c6\u30afipo\u6a5f\u4f1a\u3092\u3069\u3046\u8ffd\u8de1\u3059\u308c\u3070\u3088\u3044\u3067\u3059\u304b\uff1f\">\u6700\u65b0\u306e\u30d0\u30a4\u30aa\u30c6\u30afIPO\u6a5f\u4f1a\u3092\u3069\u3046\u8ffd\u8de1\u3059\u308c\u3070\u3088\u3044\u3067\u3059\u304b\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Crunchbase\u306a\u3069\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3084\u696d\u754c\u30cb\u30e5\u30fc\u30b9\u3092\u6d3b\u7528\u3057\u3001\u81e8\u5e8a\u8a66\u9a13\u7d50\u679c\u3084\u898f\u5236\u767a\u8868\u3092\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0\u3059\u308b\u306e\u304c\u6709\u52b9\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u30d0\u30a4\u30aa\u30c6\u30afipo\u306e\u9577\u671f\u7684\u306a\u898b\u901a\u3057\u306f\uff1f\">\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u9577\u671f\u7684\u306a\u898b\u901a\u3057\u306f\uff1f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5805\u7262\u306a\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3068\u6226\u7565\u7684\u30d3\u30b8\u30e7\u30f3\u3092\u6301\u3064\u4f01\u696d\u306b\u3068\u3063\u3066\u3001\u9577\u671f\u7684\u898b\u901a\u3057\u306f\u826f\u597d\u3067\u3059\u3002\u30a2\u30f3\u30e1\u30c3\u30c8\u30fb\u30cb\u30fc\u30ba\u3078\u306e\u6ce8\u529b\u3068\u9069\u5fdc\u529b\u304c\u3001\u6301\u7d9a\u7684\u6210\u9577\u3068\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>\u597d\u5947\u5fc3\u3068\u4e39\u5ff5\u3055\u304c\u3001\u9032\u5316\u3059\u308b\u30d0\u30a4\u30aa\u30c6\u30afIPO\u306e\u98a8\u666f\u3092\u8aad\u307f\u89e3\u304d\u3001\u5e02\u5834\u30a4\u30f3\u30c6\u30ea\u30b8\u30a7\u30f3\u30b9\u3092\u3042\u306a\u305f\u306e\u6d1e\u5bdf\u3078\u3068\u5909\u3048\u3066\u3044\u304d\u307e\u3059\u3002<\/em><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"\u5ba2\u89b3\u7684\u306a\u30a8\u30af\u30a4\u30c6\u30a3\u30fb\u30ea\u30b5\u30fc\u30c1\u304c\u3082\u305f\u3089\u3059\u660e\u77ad\u3055\">\u5ba2\u89b3\u7684\u306a\u30a8\u30af\u30a4\u30c6\u30a3\u30fb\u30ea\u30b5\u30fc\u30c1\u304c\u3082\u305f\u3089\u3059\u660e\u77ad\u3055<\/h3>\n\n\n\n<p 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class=\"wp-block-paragraph\">\u514d\u8cac\u4e8b\u9805: <a target=\"_blank\" href=\"https:\/\/vasro.de?utm_source=chatgpt.com\" rel=\"noreferrer noopener\">www.vasro.de<\/a>\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u308b\u60c5\u5831\u306f\u4e00\u822c\u7684\u306a\u60c5\u5831\u63d0\u4f9b\u306e\u307f\u3092\u76ee\u7684\u3068\u3057\u3066\u304a\u308a\u3001\u6295\u8cc7\u52a9\u8a00\u307e\u305f\u306f\u63a8\u5968\u3092\u69cb\u6210\u3057\u307e\u305b\u3093\u3002VASRO GmbH\u306f\u500b\u5225\u306e\u6295\u8cc7\u52a9\u8a00\u3092\u63d0\u4f9b\u3057\u3066\u304a\u3089\u305a\u3001\u610f\u601d\u6c7a\u5b9a\u306e\u524d\u306b\u72ec\u7acb\u3057\u305f\u91d1\u878d\u30a2\u30c9\u30d0\u30a4\u30b9\u3092\u53d7\u3051\u308b\u3053\u3068\u3092\u63a8\u5968\u3057\u307e\u3059\u3002\u4e00\u90e8\u306e\u30b3\u30f3\u30c6\u30f3\u30c4\u306f\u4fe1\u983c\u3067\u304d\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u7b2c\u4e09\u8005\u60c5\u5831\u306b\u4f9d\u62e0\u3057\u3066\u3044\u307e\u3059\u304c\u3001VASRO GmbH\u306f\u305d\u306e\u6b63\u78ba\u6027\u3001\u5b8c\u5168\u6027\u3001\u6700\u65b0\u6027\u3092\u4fdd\u8a3c\u3057\u307e\u305b\u3093\u3002\u3059\u3079\u3066\u306e\u60c5\u5831\u306f\u300c\u73fe\u72b6\u6709\u59ff\u300d\u3067\u63d0\u4f9b\u3055\u308c\u3001\u4e88\u544a\u306a\u304f\u5909\u66f4\u3055\u308c\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002VASRO GmbH\u306f\u60c5\u5831\u3078\u306e\u4f9d\u62e0\u306b\u8d77\u56e0\u3059\u308b\u640d\u5931\u306b\u3064\u3044\u3066\u4e00\u5207\u306e\u8cac\u4efb\u3092\u8ca0\u3044\u307e\u305b\u3093\u3002\u904e\u53bb\u306e\u5b9f\u7e3e\u306f\u5c06\u6765\u306e\u7d50\u679c\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biotech IPO Watchlist 2025 highlights top upcoming listings, key clinical milestones, and investor trends shaping the sector\u2019s most anticipated offerings.<\/p>\n","protected":false},"author":1,"featured_media":23112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[314],"tags":[1366,1365,952,1367],"class_list":["post-23119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-314","tag-1366","tag-ipo","tag-952","tag-1367"],"_links":{"self":[{"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/posts\/23119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/comments?post=23119"}],"version-history":[{"count":1,"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/posts\/23119\/revisions"}],"predecessor-version":[{"id":23122,"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/posts\/23119\/revisions\/23122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/media\/23112"}],"wp:attachment":[{"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/media?parent=23119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/categories?post=23119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vasro.de\/ja\/wp-json\/wp\/v2\/tags?post=23119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}