UK Firms Big And Small Benefit From Biotech Bubble
Cash Boost for Autolus, Mereo, Quell And SpyBiotech
Investors keep piling into biotech stocks and British companies have been reaping the benefits this week.
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Private Company Edition: New capital for health care and life science innovations include a fund for royalty deals, additional anti-infective funding, early-stage money and public health-focused cash. Also, Day One reveals a $130m series B venture round and Notch closes an $85m series A round.
Public Company Edition: Merging with a special purpose acquisition corporation may be an attractive alternative to an initial public offering, but February’s vigorous IPO pace includes seven recent offerings that raised $480.8m in the US. Also, Cassava raised $200m and KalVista brought in $222.5m.
The biotech has run low on funds after a difficult pandemic year, and is banking on its next-generation CAR-T therapy.