The Search for Venture Capital Continues to be Challenging
The environment for raising private capital continues to be challenging and, as a result, there has been a dramatic slowdown in the number of deals that have successfully been concluded. Worldwide, according to BioWorld Snapshots, private biotech companies developing therapeutics raised $403.5M in VC dollars in the first quarter of 2013, down a whopping 48 percent from the $775 million raised in the same period last year.
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