After the highs of COVID-19-led to bumper years for biotech and pharma IPOs in 2020 and 2021, there was a steep drop in 2022, followed by a further decline in 2023. Between 2021 and 2023, the biotech IPO market experienced a notable decline as investors grew increasingly cautious due to the uncertainties surrounding the pandemic and economic downturn. According to the Nasdaq Biotechnology Index (NBI), only 21 biotech IPOs were recorded in 2022, a significant decrease compared to the 104 biotech IPOs observed in 2021. Another report highlights that just 38 life science companies went public between 2022 and 2023, compared to 179 across 2020-2021, according to data from Silicon Valley Bank. That's the lowest in a two-year period since 2011-2012.
This story is from the June 2024 edition of BioSpectrum Asia.
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This story is from the June 2024 edition of BioSpectrum Asia.
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