IPO Update: What A Difference A (Pandemic) Year Makes
COVID-19 Paralyzed Market In Q1 2020 But Fortunes Reversed In 2021
Executive Summary
Just nine drug developers went public in the US during the first quarter of last year, but with the industry boosted by pandemic response, 32 biopharma companies launched IPOs in Q1 of this year.
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Biopharma was an attractive investment in 2020 and fundamentals are unchanged in 2021, including the pandemic’s work-at-home requirements, which allowed more companies to go public faster.
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