During the opening quarter of 2014, biopharma companies raised $9.8 billion (up 53% from Q4), with 18% of the deals having a value of $100 million or greater. (See Exhibit 1.)
Follow-on public offerings accounted for most (40%), with 53 deals bringing in $3.9 billion. In Q1’s largest FOPO, InterMune Inc. netted $233 million. [See Deal] Recent positive Phase...