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2008-09-12 |

Venture capital funding for U.S. biotech companies withering

Significant changes occurring in the global economy, in general, and venture investing, in particular, have finally caught up with venture capital (VC) support for biotech companies. Despite an abundance of funding as well as scientific and technological progress, the environment for investing in the life science industry seems to have changed dramatically. For example, the first quarter of 2007 enjoyed record highs in venture investments in biotechnology, medical device, and healthcare firms. In fact, average investments in these areas maintained nearly the same levels through the end of the first quarter of 2008. This year’s second quarter, however, has not fared as well. Second quarter venture investing in general made a major downturn, and there were no public offerings of any venture-backed company.

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News

2008-09-12 |

Venture capital funding for U.S. biotech companies withering

Significant changes occurring in the global economy, in general, and venture investing, in particular, have finally caught up with venture capital (VC) support for biotech companies. Despite an abundance of funding as well as scientific and technological progress, the environment for investing in the life science industry seems to have changed dramatically. For example, the first quarter of 2007 enjoyed record highs in venture investments in biotechnology, medical device, and healthcare firms. In fact, average investments in these areas maintained nearly the same levels through the end of the first quarter of 2008. This year’s second quarter, however, has not fared as well. Second quarter venture investing in general made a major downturn, and there were no public offerings of any venture-backed company.

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