BioCentury
ARTICLE | Finance

New Market experiment looks troubled

July 29, 2002 7:00 AM UTC

The turbulent European markets and a complete cessation of IPOs has led the SWX New Market for growth companies to announce that it is going to cease all marketing and communication activities. The move brings into question the future of the other European growth markets, which are in the same boat.

"The downturn in equity markets and the decline in underwriting activity are the two main reasons for this change," Robert Wyss, head of the SWX New Market, told BioCentury. ...