Credit: Vasyl/Adobe Stock Private Biotechs Are Chasing Public Companies as IPO Window Remains Shut
Reverse mergers are emerging as a popular mechanism for private life sciences companies to reach the public markets, and that may increase if public companies continue to see their stocks stumble.
June 27, 2023 at 02:23 PM
6 minute read
While the M&A boom in biotech that lawyers longed for in early 2023 hasn't quite materialized, venture funding is slowing, nontraditional investors are withdrawing from the scene, companies planning to go public are in limbo, and many public companies' stock is down—all of which contrasts sharply with the vast amounts of capital that biotechs require to reach proof of concept.
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