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Finance Watch: Big Financings Show Investors Remain Interested In Certain Opportunities

Apollo, Nimbus Each Raise $200m-Plus VC Rounds

 
• By Mandy Jackson

A mix of mega-rounds and smaller seed financings show investment happening at both ends of the venture capital spectrum. In public company financings, Gilead prices $2bn note offering, Biogen secures $1.5bn for Reata deal, Inhibrx completes a $200m PIPE and the IPO market shows new signs of life.

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• Source: Shutterstock

Plenty of biopharmaceutical firms continue to struggle to raise fresh capital under current financial market conditions with drug developer valuations still well below what they were a few years ago and initial public offerings few and far between. However, plenty of private and public companies also have been able to raise big money this year, including Apollo Therapeutics Group Ltd. and Nimbus Therapeutics, Inc., which recently raised $226.5m and $210m, respectively, in venture capital financings.

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