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Stock Watch: Brace For European Biotech Departures From NASDAQ

Waning Investor Appetite And Cost Cutting May Drive Biotechs Home

 
• By Andy Smith

A NASDAQ listing has been the pinnacle for non-US biotech companies because it brings access to more specialist investors and a larger capital base. But the appetite for – and aftermarket performance of – this biotech tourism is cycle-dependent.

Stock Watch Image, Andy Smith
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS

Ask any European private biotech company just a year ago on its plans for fundraising and a NASDAQ IPO would probably have figured highly in the answer. Since the start of 2022, though, new IPOs and secondary offerings have had a poor reception and back-door listings like SPAC transactions have been cancelled.

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