12:00 AM
Jan 26, 2015
 |  BioCentury  |  Finance

Adding up the follow-on bonanza

January 2015 biggest month ever for biotech follow-on financings

Investor appetite for biotech paper coming out of the JPMorgan Healthcare Conference continues unabated, with 14 companies raising nearly $2.6 billion in follow-ons last week.

The cash haul was almost 25% of the $11.1 billion raised in biotech follow-ons in all of 2014 - itself the second-highest year for follow-ons behind 2000 - and makes January 2015 the best month for biotech follow-ons since BioCentury started tracking financings in 1994.

And there's still a week to go.

Follow-on issuers have raised $3.8 billion in January - well ahead of the previous monthly record of $3 billion in June 2013 (see "January Follow-ons").

The priced deals could add a further $225 million through the exercise...

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