Despite a flood of capital into biotech initial public offerings and breathtaking market runs, venture capital (VC) is still shunning many early stage life science companies. According to a May MoneyTree report by PwC and the National Venture Capital Association, VC investment in biotechnology and medical device firms dropped in value and volume during the first quarter of 2013 as investors turned to less capital-intensive industries. Read More
With 23 U.S. biotechs going public on U.S. exchanges so far this year, compared to just 11 initial public offerings (IPOs) all of last year, the IPO window is starting to look more like an IPO bubble. Read More
