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Q312: Biotech on a roll

Biotech continued to outperform the broader markets, with the BioCentury 100 Index up 7% and the NASDAQ Biotechnology Index up 10% in 3Q12 versus a 6% rise in the S&P 500. Excluding partnership monies, the industry raised (mostly from debt and follow-on offerings) $13 billion last quarter—the fourth highest of any quarter since 2000. Only four companies completed initial public offerings (IPOs). About $1.8 billion was raised by private biotechs, up from $1.4 billion in 2Q12 and $1.4 billion a year ago.

Stock market performance

Notable 3Q12 deals

Global biotech industry financing

Global biotech initial public offerings

Global biotech venture capital investment

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Yang, W. Q312: Biotech on a roll. Nat Biotechnol 30, 1165 (2012).

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