Modest Final Quarter Completes Shaky Biotech IPO Comeback For 2024

Septerna is the best performer of newly launched firms from Q4, with more initial public offerings fuelled by potential interest rate cuts hoped for in 2025.

All signs point to an imminent IPO for Stada (Shutterstock)

Biotech IPOs staged a moderate recovery in 2024 but a muted end to the year showed how fragile the market remains for companies looking to launch.

Full year data shows 26 companies debuted on US exchanges last year, higher than the 21 achieved in 2023 and 22 in 2022, when a pandemic-fueled boom in biotech flotations abruptly ended

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