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Table: Follow-on performance
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Monday, October 1, 2012
Twenty-one biotechs raised $1.3 billion in follow-ons
in 3Q12, bringing the year-to-date total to $4.5 billion. The money raised in
3Q12 is more than twice the $467.4 million raised by 12 companies in 3Q11. 3Q12
follow-ons are up a median of 15%, led by a 3.5x increase in the market value
of Neuralstem Inc. (NYSE-M:CUR). In September, the company announced
that its human neural stem cells induced functional improvement in a rat spinal
cord injury study. Neuralstem
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