The American Society of Clinical Oncology annual meeting often is followed by several follow-on public offerings (FOPOs) by small- to mid-sized public biotech companies reporting positive data at the meeting, but in the six days since the meeting only two cancer drug developers have raised cash in large post-ASCO offerings – Day One Biopharmaceuticals, Inc. and Cogent Biosciences, Inc.
The week was not a wash for publicly-traded biotechs, however, since overall stock valuations were boosted throughout the week of...
