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Q3 venture financing rebounds

This article was originally published in Scrip

Executive Summary

Venture capital investment into biotech drug discovery and development companies in the third quarter returned to historical levels following a strong September. The total amount of money put to work in the global sector during Q3 was about $1.46 billion. In the past five years, with the exception of 2009, biotech companies raised between $1.4 billion and $1.5 billion over the summer months. In 2009, the sector barely raised $1.1 billion.

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