Life Sciences Investment Outpaces Other Industries
Companies in the life sciences sector captured the largest share of venture capital during 2009, according to PricewaterhouseCoopers LLP.
In a new report entitled "Under Recovery," PWC says life sciences funding for 2009 totaled $6 billion in 715 deals, accounting for 34 percent of all venture dollars invested, compared to 28 percent in 2008.
Demand for new pharmaceuticals, diagnostics, and medical devices has the potential for further growth as the population ages, PWC said.
For all sectors, venture capitalists invested $17.7 billion in 2,795 deals in 2009, marking the lowest level of investment since 1997. Compared with 2008, investments into life sciences plunged 22 percent while the number of deals dropped 19 percent.
In the last quarter of 2009, biotechnology investments totaled $1 billion in 108 deals with another $719 million going into 87 medical device and equipment deals. Biotechnology funding declined by 7 percent year over year.
WBJ Web Partners
Most Recent
Most Recent
0 Comments