Fewer Small Public Biotechs Today

Inside BIO Industry Analysis

A lot can happen in six years. The number of active biotech companies currently trading on US exchanges is now only 300. At the start of 2008, there were almost 400 active companies.

Fig1 - 394 as of Dec 2013

 

The net decrease in the number of active companies since 2008 is 24%. Had it not been for all the IPO activity we have seen this year, the decrease would have been substantially more.

In fact, only 55% of the original companies from 2008 are active today. Since 2008, 180 companies have either been acquired, filed bankruptcy, ceased all operations, or stopped reporting to the SEC. We have seen 86 new listings begin trading on US exchanges, bringing the final count to 300 today.

Fig2 - size 2008 vs 2013

Fewer small public biotech companies are around today vs. 2008. The 394 companies from 2008, and the 300 from Dec 2013 are charted based on Market Cap range. Whereas the >$100M ranges remain roughly the same, there are far fewer <$100M Market cap sized companies in 2013.

(Source: BIO Industry Analysis)

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