UK Biotech Defies Pandemic, On Course For Record Fundraising Year

But IPO Number Still Low

The UK’s biotech sector sees investor interest surge during the pandemic, though IPO levels are still disappointing compared with recent years.

LONDON- DECEMBER, 2017: White City Place, a business district comprising of office buildings and food outlets formerly known as the BBC Media Centre, close to Shepherds Bush
West London's White City Place is one of the UK's newest biotech clusters, home to mid-stage Autolous Therapeutics and early stage biotechs such as GammaDelta.

UK biotech companies raised more than £1bn in equity finance between June and August 2020, the highest quarter for investments in the sector on record, new data reveal.

A total of £1.9bn ($2.48bn) has been raised so far this year, already exceeding the total for last year (£1.3bn)...

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