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San Diego firms get more VC funds in '04; Gen-Probe to record $1.9 million in license revenue in first quarter.

Publication: San Diego Business Journal
Publication Date: 31-JAN-05
Format: Online - approximately 451 words
Delivery: Immediate Online Access
Full Article Title: San Diego firms get more VC funds in '04; Gen-Probe to record $1.9 million in license revenue in first quarter.(Biotechnology industry)(Venture capital companies)

Article Excerpt
There was a slight increase in venture capital funding into San Diego's biotechnology companies from 2003 to 2004, according to a survey released by accounting firm Ernst & Young and Venture One, a unit of Dow Jones Newswires and publisher of VentureSource.

But the level of venture capital investment, which is key for biotechnology firms to move their research and drug development efforts forward, still pales...

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