Finance Watch: Summer Slowdown Begins Ahead Of BIO, But Two IPOs Launched

Athenex and Immuron launched IPOs in the US, but June has otherwise been a pretty quiet month for new biopharma financings – so far. The largest VC round so far this month is Checkmate's $27m Series B and the biggest public offering was conducted by CTI BioPharma, raising $45m.

There have been two biopharmaceutical company initial public offerings so far this month – Athenex Inc. went public on June 14 after Immuron Ltd. jumped in to the US stock market on June 6 – but June is lagging, since at this point in May there were five drug developer IPOs.

Perhaps companies are hoping to generate some buzz at the BIO International Convention June 19 to 22 in San Diego...