DATA GRAPHICS | Data Byte
Follow-on financing activity dips in August
The end of summer slowed biotech follow-on activity, but the companies that did raise money have had relatively strong market performances
September 8, 2023 12:04 AM UTC
Biotech companies disclosed seven follow-on financings in August, the lowest number of deals in any month this year. However, the group’s median market performance at the end of August was positive 18%, the highest seen so far this year.
The seven companies raised a combined $703 million in follow-on financing, 66% less than the $2 billion raised in July. ...