More Biotech Firms Going Public Through Blank-Check IPOs

Law360 (February 6, 2020, 6:18 PM EST) -- More biotechnology firms, a sector not typically associated with the blank-check segment of the initial public offerings market, are turning toward this alternative path to going public following several recent offerings, a capital markets lawyer told dealmakers at a conference Thursday.

Loeb & Loeb LLP partner Mitch Nussbaum noted that three biotechnology-focused blank check companies have completed IPOs since late 2018, compared with none before then. That lineup includes Health Systems Sciences Acquisitions Corp., a Loeb & Loeb-advised company that raised $100 million last May. Health Sciences has since used IPO funds to acquire and take public Immunovant Sciences Ltd., a...

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