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Methodology Used To Evaluate Underwriters' Performance

BioWorld ranked the underwriters of 2000’s public offerings, both initial and follow-on, in two basic ways.

First, BioWorld ranked the underwriters based on the total amount of gross proceeds raised in both initial and follow-on public offerings combined.

If an underwriting firm acted as the sole placement agent for an institutional offering, then that firm was credited as “lead” underwriter.

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