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Finance Watch: Public Biopharma Firms Take Advantage Of Relative Upswing

Even Some Struggling Firms Manage To Float Offerings

Executive Summary

Public Company Edition: Prometheus brought in $500m from a follow-on offering after reporting positive mid-stage results for its TL1A inhibitor. Even Novavax, struggling to make money from its COVID-19 vaccine, raised cash in dual offerings, but its valuation dropped significantly afterward.

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