www.bioworld.com/articles/481666
Money Raised By Biotech In 1999: January ­ March
April 12, 1999
Type of Financing | January $(M) | February $(M) | March $(M) | Total $(M) |
Public offering | 0 | 204.0 | 166.7 | 370.7 |
Private rounds | 91.0 | 61.1 | 68.2 | 220.3 |
PIPE | 25.5 | 0 | 0 | 25.5 |
Public/other | 187.2 | 221.1 | 193.4 | 601.7 |
Milestone payments and equity investments from corporate partners | 54.3 | 16.5 | 5 | 75.8 |
TOTAL ($M): | 358.0 | 502.7 | 433.3 | 1,294.0 |
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Public offering = Initial, follow-on | ||||
Private rounds = Financing of private firms | ||||
PIPE = Private Investment in Public Entity, shares sold at a discount to market | ||||
Public/other = Other financings of public companies, including loans, bridge financings, exercises of warrants, debt offerings, rights offerings, standard private placements and institutional offerings of registered stock | ||||