On Monday, Mirna Therapeutics of Austin, TX, ignored the turmoil on Wall Street and filed to make its Wall Street debut in a planned $80.5 million initial public offering. It was the eighth biotech or specialty pharma company to file for an IPO since July 1, according to IPOMonitor.com—this after a sizzling first half when 50 biopharma companies went public in the U.S. or abroad, raising over $5.1 billion. So does Mirna’s move signal that the appetite for biotech IPOs is still strong? Or do the stock market vacillations portend a long-feared biotech crash?
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