In the second quarter of 2017, biopharma companies brought in a total of $13.4 billion in financing, nearly doubling the first quarter's $6.8 billion aggregate. Initial public offerings boasted the highest dollar value, reaching $4.7 billion, or over one-third of the total. Interestingly, this financing type had one of the lowest volume counts – 18 – during the quarter, indicating the average IPO transaction was quite high. (See Exhibit 1.)
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