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During Covid-19 Pandemic, Biotech IPOs Already Surpass Record

Some investors are wary of run-up and warn of risks to chasing companies at early stages of development An injection was given in Binghamton, N.Y., late last month as part of a study of a possible Covid-19 vaccine that Moderna is helping to develop. PHOTO: HANS PENNINK/ASSOCIATED PRESS By Corrie Dri ……