INFOGRAPHIC: 72 US IPOs gross $5.7bn in 2014; values rising in 2015
This article was originally published in Scrip
In 2014, 72 biotechnology firms that develop drugs, biologics and gene, stem or cell therapies grossed $5.7bn from initial public offerings in the US with most companies ending the year with stock values well above their IPO price – and values have risen higher in 2015.
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Venture capital investment in biopharmaceutical firms for the first half of 2017 show that this year is on track to exceed 2016 levels. Recent financings include two $50m Series C rounds for two different companies developing later-stage drugs for itching: Trevi and Menlo Therapeutics.
Nuvation started in 2018 and raised a $275m series A round in 2019. Now it is merging with the EcoR1 Capital-sponsored SPAC Panacea Acquisition Corp. and raising $500m in equity capital.
Public Company Edition: Codiak, Kiromic, Aligos and Opthea have fallen below their initial public offering values, while Tarsus and Praxis are trading higher. Also, 5AM, MPM and Cormorant took biotech SPACs public and Evotec led recent non-IPO financings with a €250m private placement.