In the second quarter of 2017, biopharma companies brought in a total of $13.4 billion in financing, nearly doubling the first quarter's $6.8 billion aggregate. Initial public offerings boasted the highest dollar value, reaching $4.7 billion, or over one-third of the total. Interestingly, this financing type had one of the lowest volume counts – 18 – during the quarter, indicating the average IPO transaction was quite high. (See Exhibit 1.)
Biopharma Quarterly Deal-Making Statistics, Q2 2017
A look at financing, M&A and alliance activity April–June 2017
Biopharma companies raised $13.4 billion in Q2, mostly through IPOs. Thanks to several billion-dollar deals in Q2, 2017 is shaping up to be a year of CRO consolidations. Big pharma continued divesting assets to smaller biopharma companies.
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