The number of biopharmaceutical company initial public offerings in the US dropped considerably from the first quarter to the second quarter, but with 12 IPOs during the first half of 2024 the market for first-time offerings by drug developers is on track to meet or slightly exceed 2023, when 21 biopharma firms went public in the US, if the pace of new offerings holds steady in the second half of this year.
Evaluate Pharma tracked three IPOs globally in Q2, down sharply from nine in Q1. (Also see "IPOs Collapse In The Second Quarter" - Scrip, 11 July, 2024.) This is in line with Scrip’s tally of first-time offerings in the US, totaling 12 in the first half of 2024 as of Alumis, Inc.’s offering in late June. (Also see "Finance Watch: Alumis Launches IPO In Market Less Receptive Than Expected" - Scrip, 28 June, 2024
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