Stock Watch: When The Biotech Bandwagon Music Stops

When Too Many Biotechs IPO, Investors And Patents Limit Viability

The number of viable biotech companies exploiting a particular technology should be limited by intellectual property but the number of biotech IPOs exploiting that same technology always seems greater than those with freedom to operate.

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

BioNTech’s acquisition of fellow German mRNA company CureVac underscored a trend in biotech: many companies form around new technologies, but not all succeed.

Key Takeaways
  • BioNTech’s $1.2bn all-stock acquisition of CureVac was probably a bittersweet exit for CureVac investors at fractional valuations of both companies’ pandemic highs.

BioNTech’s acquisition of CureVac must have been a bittersweet transaction on several levels. At the time...

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