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Finance Watch: Biotech Stocks Down, But Holding Up Better Than Broader Indices

 
• By Mandy Jackson

Public Company Edition: Benefitting from hope that biopharma interventions will help the coronavirus pandemic, the industry is faring better than others in the stock market, including the ability to launch IPOs. Also, BridgeBio leads recent financings and PDL is on track to dissolve by year-end.

Finance Watch

The biopharmaceutical industry has risen to the challenge of the COVID-19 pandemic with dozens of vaccine and therapeutic candidates in development, helping biopharma stocks outperform stocks in many other industries.

Even with a correction on 24 March, the Nasdaq is down 17.3% year-to-date, while the Dow Jones Industrial Average has plunged 27.5% in 2020 based on business disruptions and uncertainty...

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Angelini Advances Brain Health Ambitions With GRIN Pact

 
• By Kevin Grogan

The Italian drugmaker gets rights to Phase III-ready asset radiprodil.

GlycoEra’s Series B Cash Will Fund Efforts To Take On FcRn Inhibitor Class

 
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Finance Watch: Public Company Fundraising Sank Across The Board In Q1

 
• By Mandy Jackson

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Finance Watch: SV Closes Second Dementia Discovery Fund, Exceeding $250m Goal

 
• By Mandy Jackson

Private Company Edition: SV Health Investors revealed the final closing of its second Dementia Discovery Fund. Also, Eikon cut nearly 15% of its staff, Pathos AI raised $365m in series D venture capital and CellCentric completed a $120m series C round, among other financings.

More from Business

Lilly To Diversify Pain Pipeline With SiteOne Acquisition

 
• By Joseph Haas

Deal snapshot: With several internal non-opioid pain candidates in Phase II or earlier, Lilly looks to add R&D potential in pain with $1bn buyout of SiteOne.

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• By Kevin Grogan

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• By Joseph Haas

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