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Finance Watch: Four Offerings In One Week As Biopharma Keeps Its IPO Market Lead

 
• By Mandy Jackson

Lantern, Avidity, Generation Bio and Vaxcyte launched initial public offerings during the second week of June as biopharma continues to intrigue IPO investors. Also, Blackstone invested $350m in Reata's bardoxolone and Checkmate’s $85m series C led recent VC deals. 

Finance Watch

Biopharmaceutical companies continued their domination of the market for initial public offerings during the week of 8-12 June with IPOs from Avidity Biosciences Inc., Generation Bio Co., Vaxcyte Inc. and Lantern Pharma Inc. – four drug developers, plus the Chinese diagnostics firm Burning Rock Biotech, in a week when only eight companies went public in the US. 

Biopharma has been one of the leading industries for IPOs during the past few years and the pace slowed only for a few weeks with the pandemic as stock valuations...

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