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Biotechs AIM for Alternative Financing - The Scientist - Magazine of the Life Sciences

Biotechs AIM for Alternative Financing - The Scientist - Magazine of the Life Sciences London's lesser-known stock exchange offers the possibility of money for hungry biotechs Australian gold mining companies are doing it. Even a farmyard composting firm from Wales is doing it. US biotech companies are doing it, too - raising money through IPOs on London's Alternative Investment Market, known as AIM. Entelos, based in Foster City, Calif. and specializing in mathematical simulations of disease processes, raised $20 million (US) on AIM, and Waltham, Mass.-based Aqua Bounty, a developer of biotech solutions to improve fish farming, raised approximately $37 million in March. With the AIM window apparently open, London-based brokers and advisers are actively prospecting in the US for new clients. Should your company consider it? AIM was set up as a junior market to the London Stock Exchange in order to create a financial marketplace where small and speculative companies could find backing. A lightly-regulated market was seen as a way to get money into companies that might turn out to have world-beating technology, but for whom cash-flow positive operation could be years away. In that regard, AIM has performed as advertised, and might be seen as tailor-made for the financial needs of the biotech industry. One factor driving US http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Scientist The Scientist

Biotechs AIM for Alternative Financing - The Scientist - Magazine of the Life Sciences

The Scientist , Volume 20 (6): 75 – Jun 1, 2006

Biotechs AIM for Alternative Financing - The Scientist - Magazine of the Life Sciences

The Scientist , Volume 20 (6): 75 – Jun 1, 2006

Abstract

London's lesser-known stock exchange offers the possibility of money for hungry biotechs Australian gold mining companies are doing it. Even a farmyard composting firm from Wales is doing it. US biotech companies are doing it, too - raising money through IPOs on London's Alternative Investment Market, known as AIM. Entelos, based in Foster City, Calif. and specializing in mathematical simulations of disease processes, raised $20 million (US) on AIM, and Waltham, Mass.-based Aqua Bounty, a developer of biotech solutions to improve fish farming, raised approximately $37 million in March. With the AIM window apparently open, London-based brokers and advisers are actively prospecting in the US for new clients. Should your company consider it? AIM was set up as a junior market to the London Stock Exchange in order to create a financial marketplace where small and speculative companies could find backing. A lightly-regulated market was seen as a way to get money into companies that might turn out to have world-beating technology, but for whom cash-flow positive operation could be years away. In that regard, AIM has performed as advertised, and might be seen as tailor-made for the financial needs of the biotech industry. One factor driving US

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Publisher
The Scientist
Copyright
© 1986-2010 The Scientist
ISSN
1759-796X
Publisher site
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Abstract

London's lesser-known stock exchange offers the possibility of money for hungry biotechs Australian gold mining companies are doing it. Even a farmyard composting firm from Wales is doing it. US biotech companies are doing it, too - raising money through IPOs on London's Alternative Investment Market, known as AIM. Entelos, based in Foster City, Calif. and specializing in mathematical simulations of disease processes, raised $20 million (US) on AIM, and Waltham, Mass.-based Aqua Bounty, a developer of biotech solutions to improve fish farming, raised approximately $37 million in March. With the AIM window apparently open, London-based brokers and advisers are actively prospecting in the US for new clients. Should your company consider it? AIM was set up as a junior market to the London Stock Exchange in order to create a financial marketplace where small and speculative companies could find backing. A lightly-regulated market was seen as a way to get money into companies that might turn out to have world-beating technology, but for whom cash-flow positive operation could be years away. In that regard, AIM has performed as advertised, and might be seen as tailor-made for the financial needs of the biotech industry. One factor driving US

Journal

The ScientistThe Scientist

Published: Jun 1, 2006

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