Health Firms Odyssey, Mobia Slide After $454 Million IPO Haul

Odyssey Therapeutics Inc. signage during the company's IPO at the Nasdaq MarketSite in New York.

Photographer: Michael Nagle/Bloomberg

A pair of healthcare companies are edging lower in their trading debuts after raising a combined $454 million in their initial public offerings.

Odyssey Therapeutics Inc. shares dipped about 1% after the biopharmaceutical company raisedBloomberg Terminal $304 million in an upsized US IPO and private placement.