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The Boston Globe


Watertown’s Dicerna raises $90m in IPO

Shares of newly public Dicerna Pharmaceuticals Inc. barreled up nearly 207 percent in their first day of trading Thursday, giving the Watertown biotechnology startup the largest opening-day gain of any company since the Chinese search engine went public in 2005.

Dicerna, which is working in the hot field of RNA interference, became the second Massachusetts company — and the first biotech — to complete an initial public offering this year. Nine state biotechnology companies made it through the IPO threshold last year.

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