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Finance Watch: Karuna, Cerevel And Others Benefit From Improving Biotech Sentiment

Follow-On Offerings Follow Positive Data Readouts

Executive Summary

Good news in the biopharma industry and the US economy gave public drug developers the boost they needed to raise cash, including Karuna’s $750m offering. Private company financings slowed during the second week of August, but Prellis and Vector BioPharma raised venture capital.

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