With the close out of 2019 at record levels and 2020 in full swing, the biotechnology sector has proven itself to be a rewarding place for investors to devote their capital. The nature of the industry has also continually driven investors’ focus toward the long-term potential, rather than short-term gains. While 2018 witnessed biotechnology companies going public at a frantic pace, 2019 brought more hesitation due to the pre- and post-IPO price volatility and the availability of robust private capital earlier in the company lifecycle. This access to capital has allowed companies to maintain focus on the R&D product pipeline and build mature enterprises with established clinical results prior to accessing the public markets. With a strong market economy and healthy portfolio of large, private companies, it begs the question of whether the overall market will experience a cooling off period in 2020 or if we are at the beginning of a long-term growth cycle? This session will examine the path forward while highlighting the availability of quality targets in the market.