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Finance Watch: Despite Bad News, IPOs And Public Offerings Keep Flowing

 
• By Mandy Jackson

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.

Finance Watch

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.

Cambridge, Mass.-based Solid launched one of the largest IPOs this quarter on Jan. 25, even after disclosing that the clinical trial for its lead Duchenne muscular dystrophy (DMD) candidate was on a partial clinical hold. Also see "IPO Update: Seven In January As Big Returns, Solid's Slip-Up Contribute To Bubble Concerns" - Scrip, 2 February, 2018. The company gave its IPO investors a 70.1% return as of Feb. 1, which rose to 76.2% by March 9

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