Many times when bad news happens in biopharma, investors can't say they weren't warned, as is the case with Solid Biosciences Inc., which provided investors a more than 70% return in the month and a half following its initial public offering. However, those gains have now turned into a significant loss.
Finance Watch: Despite Bad News, IPOs And Public Offerings Keep Flowing
Solid Biosciences was able to launch an IPO earlier this year despite a last minute disclosure about a partial clinical hold, which is now a full clinical hold that's cost investors money. Even so, Arcus Biosciences was able to launch its IPO. Ideaya, JW lead recent VC financings.
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