The market for initial public offerings by biopharmaceutical firms during the second quarter of 2020 was exceptional in many ways, including the remarkable rebound in June when 14 companies went public in the US after the COVID-19 pandemic closed the IPO window in March. Despite the ongoing uncertainty related to the novel coronavirus, 28 drug developers and a buyer of pharmaceutical royalties went public during the first half of 2020 and generated an average return of 77.1%.
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