Biotech Still Attract VC Investors
Filed in archive Corporate and Industrial News on November 30, 2007
According to the national venture capital association, venture capital investing in the biotechnology arena continue to be robust.
Biotechnology had $1.1 billion going into 99 deals in the third quarter, Heesen told BioWorld Today. VCs invested $1.2 billion in biotech in 124 deals in the second quarter, and in the first quarter, "the strongest quarter ever recorded for the amount of money" for biotech, VCs invested $1.5 billion in 106 deals, he added.
As before, there is however a reluctance from VCs to back early-stage ventures. Read the full report from BioWorld.
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