IPO Update: Gottlieb’s Resignation Pulls Down Five Of Eight Newly Public Biopharmas

There have been eight US biopharma IPOs in 2019, but only three are trading above their launch price – a big change from just three days ago.

IPO Initial Private Offering Stock Market Ticker Building 3d Illustration

The US market for initial public offerings by biopharma companies in 2019 got off to a slow start in January, but eight drug developers went public in February. However, following the news that US FDA Commissioner Scott Gottlieb is resigning, only three of the firms are trading above their IPO values.

The US government shutdown kept the Securities and Exchange Commission (SEC) from processing IPO filings at the start of this...

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