Flood of cash washes over biopharma companies during the first quarter
Notwithstanding market nervousness toward the end the first quarter of 2014 the period was characterized by a tsunami of cash flooding into biotech coffers. Both global public and private companies benefited. As a result, the sector collectively raised $9.5 billion – almost double the amount raised in the same period last year according to data from BioWorld Snapshots.
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