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US Capitol Capsule: 10 years in, are SOX Act costs hampering biotech IPOs?

This article was originally published in Scrip

Executive Summary

Even with new exemptions for emerging-growth companies provided in the new JOBS Act, the costs of complying with auditing regulations put in place in 2002 under Section 404(b) of the Sarbanes-Oxley (SOX) Act are keeping many biotechs from going public, Jeffrey Hatfield, CEO of privately held Vitae Pharmaceuticals, told lawmakers last week.

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