This Week’s Biotech Highlights
This week in biotech, indirect effects were predominant.
The generally poor performance of most recent biotech IPOs has indirectly boosted M&A activity. Only 1 of 8 U.S. biotech IPOs in 2010 is currently trading above its IPO price. IMRIS was the last Canadian biotech IPO, completed in November 2007 at $6.00, and it is currently trading at $5.50. M&A exits are healthy, though, with two recent sales at decent prices.
As we pass the 10-year anniversary of the sequencing of the first human genome, some say we have little to show for it. Part of the reason the . . . [more]


