More hopeful signs for end of barren spell for biotech IPOs
Industry observers are cautiously hoping that early 2024 signs indicate that the post-pandemic biotech fundraising slowdown might be coming to an end.
Firstly, oncology companies CG Oncology and ArriVent raised the huge sums of $380 million and $175 million, respectively, with their initial public offerings (IPOs) last week.
This week, Alto Neuroscience and Fractyl Health have filed on Monday to raise more than $100 million.
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