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July follow-on financings: argenx raised majority of month’s $2.1B total
Ten biopharmas raised a combined $2.1B in July, of which argenx was responsible for nearly $1.3B
August 3, 2023 11:39 PM UTC
After picking up in May and June, biotech follow-on activity fell in July, but the total raised in the month nearly matched June’s total, pumped by the year’s largest offering to date: a $1.27 billion dollar financing by argenx.
The July 18 offering by argenx S.E. (Euronext:ARGX; NASDAQ:ARGX) was fivefold bigger than July’s next-largest follow-on: a $230 million offering by Bicycle Therapeutics plc (NASDAQ:BCYC)...