This week, the market saw two IPOs and over $600M in capital raised. CG Oncology and ArriVent BioPharma are the first two Biotech IPOs of 2024. CG Oncology raised $437M and ArriVent $175M.
What might be the best news??? Both traded up! GCON up ~100% and AVBP up ~20%.
Week Ending January 26th, 2024
Biotech: 9 Transactions (2 IPOs, 3 Follow-Ons, and 4 PIPEs) totaling just under $2 Billion
Med Tech: No Current Week Transactions
2024 YTD:
27 Biotech transactions totaling just under $5 Billion v. 2023 YTD: 10 Biotech transaction totaling just over $1 Billion
1 Med Tech transaction totaling $50 Million v. 2023 YTD: 2 Med Tech transactions totaling just over $200 Million
Private Transactions:
Biotech: 15 US Transactions / 10 European Transactions
Med Tech: 12 US Transactions / 5 European Transaction
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