Back Bay Life Science Advisors’ Post

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Our #MarketUpdate report for the week ending February 16th is now available. Highlights include:    🔉US equities ended the week with minor losses due to January’s CPI being higher than expected at 3.1% YoY and 0.3% MoM     🔉Despite the momentum that biotech IPOs have seen so far this year, last week saw no listings; however, 25 companies in the queue suggests that IPO activity will most likely remain elevated in the first half of the year     🔉Gilead Sciences made headlines by expanding their liver portfolio with their $4.3B acquisition of CymaBay Therapeutics, providing Gilead Sciences with CymaBay Therapeutics’s investigational lead candidate, seladelpar for the treatment of primary biliary cholangitis (PBC) with FDA priority review and anticipated U.S. approval in the third quarter of 2024     🔉Freenome, developing blood tests for early cancer detection, raised a $254M venture round led by Roche and joined by a16z Life Sciences Growth Fund, Bain Capital Life Sciences Fund LP, RA Capital Management, and other flagship life sciences investors, making this deal the largest venture financing year-to-date    Read the full report here: https://bit.ly/42JY8k2     #Healthcare #MarketTrends #Biotech #IPO #Cancer #Theraputics #Lifesciences #BBLSA  

Back Bay's recap of the public market, financing and M&A activity. Subscribe for the weekly updates: www.bblsa.com

Back Bay's recap of the public market, financing and M&A activity. Subscribe for the weekly updates: www.bblsa.com

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