Lots and lots of cap raises across the sector at the moment. Seems a few are setting a solid base as investor fund inflow in. A couple examples have seen share price increase on cap raise as the funds are to get from A to B.
Last time we saw cap raising rounds was in Covid, which took advantage of the pump. Momentum fizzled and dropped like a knife. This time seems different as biotechs are delivering on genuine progress.
could be a nice runway in biotech for the rest of 2024 if this is correct. Any thoughts?
Industry news, page-1727
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