BioCentury
ARTICLE | Finance

Financing frenzy

2014 biotech follow-ons off to second-fastest start in nearly 20 years

February 3, 2014 8:00 AM UTC

The biotech industry continued to pad its coffers in January in a rush of follow-ons that should leave many companies well placed to ride out an eventual downturn.

Last week alone, five companies raised $470.9 million in follow-ons to bring the month's total to $1.48 billion in 20 deals...