Parabilis Medicines IPO; FDA Names New Interim Chief

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- Parabilis Medicines filed to go public under the ticker PBLS.
- David Kessler said he has great confidence in interim FDA chief Kyle Diamantas.
- Kyle Diamantas became the interim FDA chief after Marty Makary left the agency.
Why it matters: Investors gain a new biotech ticker (PBLS) to trade, while Parabilis Medicines can tap public capital to fund its pipeline, and the FDA’s confident interim chief may smooth drug approvals.
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