New SPACs are getting announced every day, including in biotech: so much so that serial entrepreneur Mike Gilman tweeted that “it’s raining SPACs” – a sentiment that captures the frenzied downpour of activity.
Casdin goes all-in on the SPAC game with $385M offering
Two of biotech’s biggest trends — the rise of SPACs and the Scrooge McDuck piles of cash suddenly available to a life sciences company on New York trading floors — converged late Wednesday in one of the largest life sciences SPAC offerings yet: $385 million.