BioCentury
ARTICLE | Finance

Ebb & Flow

February 16, 2009 8:00 AM UTC

Since the beginning of 4Q08, not a single biotech company has filed for an IPO. In that same time frame, eight companies pulled their deals, leaving at least five offerings pending.

There were no biotech follow-ons in 4Q08 as well, but that window now has been cracked, allowing three already well-heeled companies to close deals...