Kala Pharmaceuticals: Taking A Look At This Summer IPO

Shares of Kala Pharmaceuticals (KALA) fell to the mid-$13 range prior to Friday's rebound back above $15 on decent volume.

ChartKALA data by YCharts

The company was not the usual speculative biotech firm tapping capital markets to progress an unproven, early-stage pipeline. They approached investors having already logged pivotal wins for their lead drug candidate and having a solid institutional backing.

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