Market Capitalization – Big Pharma - Milken Institute
Market Capitalization – Big Pharma - Milken Institute
Market Capitalization – Big Pharma - Milken Institute
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$ (Millions)<br />
250<br />
200<br />
150<br />
100<br />
50<br />
0<br />
IPO’s are No Longer Exits<br />
2.3x<br />
4.0x<br />
2.0x<br />
1995 - 1996 1999 - 2000 2003 - 2004<br />
Private $ Raised<br />
Pre $ IPO Valuation<br />
PSBF