Not only has the market for biotech IPOs dramatically resurged over the past few months, the current market could be the biggest in biotech's history. According to Windhover's Strategic TransactionsDatabase, no biotech had ever netted over $100 million at IPO prior to December 1999—though French genomics firm Genset SA came close in 1996 [See Deal].
Recently, however, Glaxo Wellcome PLC spin-out Maxygen Inc. netted $102 million in its IPO [See Deal], and...
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