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As the graph tracking biotech IPOs illustrates, the market peaked in 1983, 1986, 1992, 1996 and 2000. Note that each peak is higher than those that went before.
Sources: News coverage researched through Nexis; Jennifer Van Brunt (Recombinant Capital/Signals).
| Underlying Data |
| Year | IPOs |
| 1980 | 2 |
| 1981 | 12 |
| 1982 | 5 |
| 1983 | 17 |
| 1984 | 3 |
| 1985 | 1 |
| 1986 | 22 |
| 1987 | 12 |
| 1988 | 3 |
| 1989 | 5 |
| 1990 | 6 |
| 1991 | 39 |
| 1992 | 45 |
| 1993 | 32 |
| 1994 | 25 |
| 1995 | 20 |
| 1996 | 50 |
| 1997 | 24 |
| 1998 | 21 |
| 1999 | 15 |
| 2000 | 68 |
| 2001 | 6 |
| 2002 | 6 |
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