Quick Note: 3 Biotech IPOs This Week

The Biotech sector used to be red hot a few of years ago with stocks in the sector soaring to astonishing levels. However investors’ attraction towards the sector waned in more recent years due to various factors including political pressure on high cost of drugs produced by biotech firms. This year investors’ enthusiasm for biotech stocks seems to be picking up again.

Currently over 600 biotechs trade on the NASDAQ. Newer innovative companies come to the market all the time. Next week three companies are planned to launch their IPOs on the NASDAQ.

The three companies slated to go public are :

1.Peloton Therapeutics

Ticker: PLTX

2.Bicycle Therapeutics Plc

Ticker: BCYC

3.Ideaya Biosciences, Inc.

Ticker: IDYA

Note: The above tickers will be active on the 1st day of trading

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