Finance Watch: Investors Bet Billions On Big Biopharma Offerings

Public Company Edition: After an initial hit to valuations from COVID-19, massive amounts of money have been raised by drug developers, such as argenx with a $862.5m stock sale. However, only two IPOs launched in the US in May, including ADC with a $267m offering.

Finance Watch

Business is booming for drug developers – including for those who aren’t working on vaccines or therapeutics against COVID-19 – so investors continue to invest massive amounts of money in public biopharmaceutical companies, including more than $4bn during the past week and a half.

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