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Many Biotechs Have Net Assets That Top Their Market Values

Por: MarketWatch Business June 04, 2023

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It’s not alone. The collapse of biotech valuations since early 2021 has left a substantial number of biotechs in that position, which is known as having a negative enterprise value. It’s a stark sign of how grim things have gotten for small biotechs, and how far the sector is from recovery. As of Wednesday, there were 23 biotechs with negative enterprise values in the (XBI) and the (IBB). Many more were on the brink. Of the roughly 280... + full article



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