Of the $2.1 billion in venture capital invested in global biotechnology companies last quarter, the majority went into earlier-stage financings, according to data from BioWorld Financial Watch and BioWorld Snapshots. (BioWorld Today)

Of the $2.1 billion in venture capital invested in global biotechnology companies last quarter, the majority went into earlier-stage financings, according to data from BioWorld Financial Watch and BioWorld Snapshots. (BioWorld Today)

Venture capital investment in the global biotechnology industry hit $2.1 billion in the first quarter of 2007, according to data from BioWorld Financial Watch and BioWorld Snapshots. That's almost double the $1.2 billion raised in the first quarter of 2006 and a sharp spike up from the steady $1.3 billion raised in each of the second, third and fourth quarters last year. (BioWorld Today)