Jonathan Lim, Erasca CEO (Arch Venture Partners)

Nas­daq rings in Jonathan Lim's next can­cer play, Pfiz­er-backed start­up and Har­vard spin­out with col­lec­tive $534M raise un­der their belts

Ed­i­tor’s note: In­ter­est­ed in fol­low­ing bio­phar­ma’s fast-paced IPO mar­ket? You can book­mark our IPO Track­er here.

IPOs are boom­ing in 2021, and com­pa­nies are go­ing pub­lic ear­li­er than ever.

About 45% of IPOs of­fered in the first half of the year were for com­pa­nies that were still in pre­clin­i­cal and dis­cov­ery stages. That’s a big change for the 66 bio­phar­ma ther­a­peu­tics and plat­form com­pa­nies who com­plet­ed their IPO in the first half of the year, rais­ing $9.3 bil­lion in to­tal.

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