The Jumpstart Our Business Startups (JOBS) Act has been a major catalyst for the recent surge in Biotech IPOs. There have been a total of 16 U.S.-listed biotech IPOs in the first half of the year, according to data from Renaissance Capital LLC. Since the JOBS Act has been signed into law all biotech companies who have gone public have used the new pathway. "The JOBS Act provided a safe harbor under which companies could talk to investors, educate them, and get feedback about whether the company was attractive to those investors," said Kenneth Moch, CEO of Chimerix Inc. (NASDAQ: CMRX).
Bluebird bio Inc. (NASDAQ: BLUE) shares traded in the range of $25.66 to $26.79 Friday before settling to close at $26.02, an increase of 1.80 percent. The stock appears to be facing some resistance at the $27.31 and $30.58 levels with some support at $25.00. Shares of Bluebird bio have fallen approximately 3.0 percent since it became public.
More information on Bluebird bio and access to the free equity report can be found at:
Chimerix Inc. (NASDAQ: CMRX) shares traded in the range of $17.66 to $19.04 Friday before settling to close at $17.69, a decrease of 1.83 percent. The stock appears to be facing some resistance at the $19.76 and $22.49 levels. Shares of Chimerix have gained approximately 6.0 percent since it became public.
More information on Chimerix and access to the free equity report can be found at:
Conatus Pharmaceuticals Inc. (NASDAQ: CNAT) traded in the range of $8.95 to $9.16 Friday before settling to close at $9.09, an increase of 1.79 percent. The stock appears to be facing some resistance at the $9.72 with some support at the $8.99 and $8.25 levels. Shares of Conatus Pharmaceuticals have fallen approximately 4.0 percent since it became public.
More information on Conatus Pharmaceuticals and access to the free equity report can be found at:
Cellular Dynamics International Inc. (NASDAQ: ICEL) shares traded in the range of $12.30 to $13.27 Friday before settling to close at $12.58, a decrease of 3.38 percent. The stock appears to be facing some resistance at $13.04. Shares of Cellular Dynamics have gained approximately 32.0 percent since it became public.
More information on Cellular Dynamics and access to the free equity report can be found at:
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