explore
Biotech is awash in PIPEs.
The numbers behind these privately negotiated purchases of public-company stock are astounding. By my count, there have been 30 PIPE transactions involving public biotechs and institutional investors (mostly hedge funds) that have raised $4 billion in the first two months of the year.
advertisement
Just this week, five biotechs have brought in a combined $950 million via PIPEs, including Denali Therapeutics raising $500 million, the largest such financing this year. Crinetics Pharmaceuticals raised $350 million.
Get unlimited access to award-winning journalism and exclusive events.
Subscribe Log In
Previous article：
What to do when lifesaving products contribute to climate change
Next article： New air purifier tech could be key to improving indoor air quality
Next article： New air purifier tech could be key to improving indoor air quality
