Finance Watch: Summer Slowdown Begins Ahead Of BIO, But Two IPOs Launched
Athenex and Immuron launched IPOs in the US, but June has otherwise been a pretty quiet month for new biopharma financings – so far. The largest VC round so far this month is Checkmate's $27m Series B and the biggest public offering was conducted by CTI BioPharma, raising $45m.
There have been two biopharmaceutical company initial public offerings so far this month – Athenex Inc. went public on June 14 after Immuron Ltd. jumped in to the US stock market on June 6 – but June is lagging, since at this point in May there were five drug developer IPOs.
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