Marooned! VCs Stuck in the Public Markets

One group badly hurt by the miserable public market: VCs who remain stuck in companies they took public too early. We review the most threatened companies among those companies that went public since 2003, showing why financing risk is now as important to VCs as regulatory and clinical risk. Meanwhile, current investors are recalibrating, way down, the price at which they can raise new money.

It is by now hardly news that biotech is going begging for investors. But the news is particularly bad for the recently public companies–those who IPO’d since 2003.

Among the group of 76 still-independent biopharma-focused biotechs (only a small number of recently public companies have been acquired and only a handful of those have been acquired at even...

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