Dermatology biotech Azitra (AZTR), lowered the proposed deal size for its upcoming IPO on Monday. The company now plans to raise $8 million by offering 1.5 million shares at a price range of $4.50 to $5.50. The company had previously filed to offer 2.4 million shares at the same range to raise $12 million at a $70 million market cap. At the midpoint, Azitra will raise 38% less in proceeds than previously anticipated.