While start-up company financings increased from nearly $2.2bn in the third quarter to $3bn in the fourth quarter, mergers and acquisitions involving young biopharmaceutical companies declined from a record-breaking 12 M&A transactions in Q3 to just three in Q4.
Biopharma start-ups raised a total of $3bn during the final quarter of 2019, a 38% increase from the previous quarter’s $2.18bn. A total of 39 financings took place
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