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Finance Watch: Biopharma IPO Market Silence Continues In The US

Three Potential Offerings, Including Two Micro-Caps, Recently Filed

 
• By Mandy Jackson and Kevin Grogan

Public Company Edition: The last biopharma IPO in the US was on 17 February and none have been scheduled, so far, for March. Also, another SPAC merger is called off, Travere sells $275m worth of notes and Xeris secures $150m in new debt, while Ovid, Passage Bio and others are cutting jobs. 

Finance Watch Public Company
• Source: Alamy

The biopharmaceutical industry is nearing the one-month mark without an initial public offering in the US as biotechnology stock values continue to plummet, mirroring the slowdown across industries as investors react to macroeconomic concerns, including the war in Ukraine and inflation that is rapidly creating sharp increases in consumer prices.

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