IPO Update: Values Slip As Four More Biopharma Firms Go Public In October
There were four biopharma IPOs in October – Myovant, Ra, CRISPR and AzurRX – but only one was trading above its offering price by the end of the month, reflecting investor uncertainty about the industry.
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UroGen, Biohaven and Ovid bring the year's US biopharma IPO count to 11 as returns remain in mostly positive territory. Ovid is one of only two newly public drug developers trading below its offering price.
A review of biopharma start-up dealmaking and financing from October through December 2016, based on data from Strategic Transactions.