Wednesday, May 12, 2010

$1.9 billion in venture capital funding for U.S. life science firms

U.S. life sciences companies secured $1.9 billion in venture capital funding in the fourth quarter of 2009, led by the $55 million second-round haul of Durham, NC, medical device company TransEnterix, according to a report by online venture capital database VentureDeal.

The $1.9 billion represented almost no change compared to the third quarter and continued a stable trend of funding for companies in the biotechnology, pharmaceutical and medical-devices fields.

Biotechnology received the most money, $871 million among 69 companies. Medical devices followed with 78 companies raising $572 million in the quarter. 45 pharmaceutical companies raised $460 million.

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