Key Considerations In Early-Stage Biopharma Financing

By Richard Ramko

After over two years of soaring IPO valuations and high stock prices, biotech had a reckoning in the back half of 2021. But while the industry is clearly facing headwinds, there’s significant cause for optimism for early-stage biotechs looking for funding, not the least of which is 2021’s high levels of venture capital fund formation. Further, Big Pharma and biotech alike are sitting on near-record levels of firepower — the capacity for deal-making based on the strength of the balance sheet.