Market Outlook—Market Performance and IPO Class of 2020

4:00 PM - 4:55 PM (EST), Tuesday, February 11, 2020 ・ Lyceum Complex
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.
Moderator
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Senior Biotechnology Analyst
Zacks Research
Speakers
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Managing Director
Cantor Fitzgerald
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Managing Director, Investment Banking
H.C. Wainwright & Co. , LLC
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CEO and Co-Founder
American Gene Technologies
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Managing Director, Biotechnology Analyst
Mizuho Securities
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Principal
H.I.G. BioHealth Partners