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Wednesday, 05/31/2023 11:16:11 PM

Wednesday, May 31, 2023 11:16:11 PM

Post# of 2861
This more than anything explains what has really been going on for the past year or two. There was a biotech IPO frenzy in 2021 -- which is probably what spawned their initial, less than professional "corporate presentation" that first uttered the golden acronym "IPO". But as has been the case so many times with VB, they were a day late and a dollar short. The entire biotech IPO market dissolved last year, with rising interest rates, just as they were rebranding themselves, disposing of dead weight, and making a legitimate offer. But the times they are a-changin', and the expectation is, or at least was, that the IPO market would rematerialize this year. And it still could. But it's June. "This year" will disappear quickly, as all the other years have done. If key players begin to defect then we will know that this isn't happening. So far, it seems the core team that matters remains in place. We'll see.

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