Venture capital funding for biotech falls: industry raises 5.5bn [euro] in total, but VC financing down by 21%.

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Venture capital funding for biotech falls: industry raises 5.5bn [euro] in total, but VC financing down by 21%.(DATA ROOM)

Publication: European Venture Capital Journal
Publication Date: 01-JUN-08

Format: Online
Delivery: Immediate Online Access

Article Excerpt
European biotechnology companies raised 5.5bn [euro] in 2007, up 18% from the previous year's total of 4.6bn [euro], making it the largest amount raised by the industry since 2000.

Beyond Borders, Ernst & Young's annual biotech report, also reveals that venture capital funding is down by...

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...21%, from 1.52bn...

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