Healthcare IPOs Swoon, Leading Some to M&A

"As the U.S. initial public offering market in general has sputtered this year-down 7% in volume from the same period last year-the healthcare sector has been hit especially hard, tumbling 76%. That has given rise to a couple of new developments. The healthcare IPOs that are making it to market these days are generally for companies with proven products-such as life-extending medical devices popular with baby boomers-rather than products or drugs still in development. What is more, several IPO-ready healthcare companies in recent weeks have pulled back from the very brink of going public, and opted instead to sell out to existing public companies. "

[IDD / Fierce Finance]