Runway Crowded as Companies Line Up to Complete Offerings
It's been a long time since we've witnessed 11 biotechs successfully completing their initial public offierings (IPOs) on the U.S. market during the first five months of the year. That number only usually accrues in the space of a year. In fact you have to go back to 2007 when 13 biotech IPOs were completed in the same period. The IPO market has certainly taken off big time this year and biotechs are rushing to take advantage of the favorable environment.
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