Biopharma IPOs Gain Momentum As Three More Launch In The US

UroGen, Biohaven and Ovid bring the year's US biopharma IPO count to 11 as returns remain in mostly positive territory. Ovid is one of only two newly public drug developers trading below its offering price.

US initial public offerings by biopharmaceutical companies in the second quarter already outnumber the first quarter with IPOs from Ovid Therapeutics Inc., UroGen Pharma Ltd. and Biohaven Pharmaceuticals Holding Co. Ltd., raising the question of whether 2017 will reverse 2016's slowdown.

UroGen, Biohaven and Ovid bring this year's IPO total to 11 – five in the first quarter and six so...

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