Saturday, February 28, 2015

Massachusetts 37 Health Care & Technology Company IPOs Since 2009 Up 120% From Initial Offering Prices ..... Huge Upward Acceleration From 75% Growth Reported Only Four Months Ago

Since Elizabeth Warren is trying to decide whether to run for US President in 2016, I think it would be helpful to research just how her home state of Massachusetts has been doing since the 2008 Financial Meltdown.  She has worked very hard to help Massachusetts and the entire country recover from this horrific financial mess.

Let me focus on what Massachusetts is known for.....its many Health Care & Technology Companies..... and how these Companies filing Initial Public Offerings (IPOs) since 2009 have done on the stock market price front.

From a thorough study of the excellent IPO Scoop website, I found 37 Health Care and Technology Companies Headquartered in Massachusetts with Current Stock Market Capitalizations of at least $100 mil which have filed IPOs since the beginning of 2009.

How did they do?  Well, fantastically.

For these 37 Massachusetts Health Care and Technology Companies, the average stock market price appreciation over their Initial Offering Prices was an extremely impressive 120% for the very short period of time from their IPO dates to the current February 27, 2015 date, as you can see in the below chart.  California's Technology and Health Care IPOs since 2009 have done great, but Massachusetts' Health Care and Technology IPOs since 2009 have done even better.


























%








Market








Price






2-27-15
Change






Stock
From
IPO
City State

Market Offering Offering
Date Massachusetts IPOs Since 2009 HQs
Sector Industry Price Price Price





$ $

Health Care






7/24/13 Agios Pharmaceuticals  Cambridge MA Health Care Biotechnology   107.28     18.00 496%
3/20/13 Tetraphase Pharmaceuticals  Watertown MA Health Care Major Drug Manufacturers     39.46       7.00 464%
6/20/13 bluebird bio  Cambridge MA Health Care Biotechnology     95.32     17.00 461%
6/6/14 Radius Health Cambridge MA Health Care Biotechnology     42.65       8.00 433%
6/28/12 TESARO  Waltham MA Healthcare Biotechnology     53.33     13.00 310%
10/22/10 Aegerion Pharmaceuticals  Cambridge MA Healthcare Biotechnology     27.20       9.50 186%
7/25/14 Ocular Therapeutix Bedford MA Health Care Biotechnology     35.77     13.00 175%
9/19/13 Acceleron Pharma   Cambridge MA Health Care Biotechnology     40.63     15.00 171%
9/25/13 Foundation Medicine  Cambridge MA Health Care Medical Labs & Research     47.76     18.00 165%
3/21/13 Enanta Pharmaceuticals   Watertown MA Health Care Biotechnology     35.82     14.00 156%
6/19/14 ZAFGEN Cambridge MA Health Care Biotechnology     38.65     16.00 142%
7/18/14 Sage Therapeutics Cambridge MA Health Care Biotechnology     43.45     18.00 141%
2/12/14 Flexion Therapeutics  Burlington MA Health Care Major Drug Manufacturers     22.81     13.00 75%
11/6/13 Karyopharm Therapeutics  Natick MA Health Care Major Drug Manufacturers     27.26     16.00 70%
1/30/14 Dicerna Pharmaceuticals  Watertown MA Health Care Biotechnology     24.43     15.00 63%
5/31/13 Epizyme  Cambridge MA Health Care Biotechnology     23.52     15.00 57%
3/29/12 Merrimack Pharmaceuticals  Cambridge MA Healthcare Biotechnology     10.72       7.00 53%
8/7/14 T2 Biosystems Lexington MA Health Care Diagnostics     16.58     11.00 51%
2/3/10 Ironwood Pharmaceutical  Cambridge MA Healthcare Drugs- Generic     15.45     11.25 37%
9/17/14 Civitas Solutions Boston MA Health Care Long-term Care Facilities     18.99     17.00 12%
1/29/14 Flex Pharma Boston MA Health Care Pharmaceutical Preparations     17.39     16.00 9%
10/12/14 Proteon Therapeutics Waltham MA Health Care Biological Products     10.81     10.00 8%
2/13/14 Concert Pharmaceuticals   Lexington MA Health Care Biotechnology     14.39     14.00 3%
12/3/14 Histogenics Waltham MA Health Care Orthopedics, Prosthetic & Surgical Appliances     10.67     11.00 -3%
1/27/12 Verastem  Cambridge MA Healthcare Biotechnology       7.44     10.00 -26%
2/5/14 Genocea Biosciences  Cambridge MA Health Care Biotechnology       8.63     12.00 -28%
3/20/14 Akebia Therapeutics Cambridge MA Health Care Biotechnology       9.26     17.00 -46%
9/20/13 BIND Therapeutics  Cambridge MA Health Care Biotechnology       6.06     15.00 -60%










Average % Change all 28 Health Care




128%










Technology






3/15/12 Demandware  Burlington MA Technology Application Software     63.19     16.00 295%
7/1/09 LogMeIn  Woburn MA Technology Application Software     52.70     16.00 229%
3/11/10 Sensata Technologies  Attleboro MA Technology Scientific & Technical Instruments     53.74     18.00 199%
3/15/12 M/A-COM Technology Solutions Holdings  Lowell MA Technology Semiconductor-Broad Line     33.72     19.00 77%
10/9/14 HubSpot Cambridge MA Technology Application Software     41.09     25.00 64%
10/25/13 Endurance International Group Holdings  Burlington MA Technology Application Software     18.62     12.00 55%
6/28/12 Exa Corporation  Burlington MA Technology Application Software       9.85     10.00 -2%
6/25/14 Imprivata Lexington MA Technology Health Care Authentication     13.69     15.00 -9%
2/17/12 Brightcove  Boston MA Technology Application Software       7.81     11.00 -29%










Average % Change all 9 Technology




98%










Average % Change all 37 Health Care & Technology




120%