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Windward Bio files for Nasdaq IPO to fund clinical programs

Windward Bio Group AG, a Basel-based clinical-stage biotech, filed an F-1 registration statement on October 23, 2026, proposing to list on the Nasdaq Global Market under ticker WWB. The company says it would use IPO proceeds to advance its antibody programs for severe asthma, COPD and atopic dermatitis, progress earlier-stage bispecific programs and support general corporate needs. The filing did not disclose a share count or price range; the reported $100 million figure is a proposed deal size, not finalized terms. Its lead candidate, WIN378, is a long-acting anti-TSLP antibody licensed from Sichuan Kelun-Biotech and Harbour BioMed. It is being tested in a Phase 2/3 severe-asthma study and a Phase 2 COPD study. WIN027, licensed from Qyuns Therapeutics, is an early-stage bispecific antibody targeting TSLP and IL-13. Windward is also emphasizing internal discovery and R&D as it builds beyond its China-originated licensed assets. Windward was founded in 2024 and launched in J...

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