BIO Investor Forum: Bubble, boom or just robust; biotech financing's recent revival
This article was originally published in Scrip
Biotechnology company executives are feeling pretty good about their chances of raising capital and health care investors seem to think they are some good opportunities to make money, since more than 30 drug developers have launched initial public offerings this year.
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Managing partner Corey Goodman said venBio didn’t have trouble closing its fund, because the venture capital firm prepared its investors for an economic downturn months ago.
Flagship Pioneering raised $1.1bn to fund life science companies emerging from Flagship Labs. ARCH, another frequent start-up co-founder, raised two funds totaling $1.46bn to back early-stage biotech.
Aspen Neuroscience, Pandion and iTeos raised $70m, $80m and $125m, respectively. Also, Glide Healthcare closed a €416m ($450m) fund; ElevateBio, Kallyope and SutroVax reveal VC mega-rounds; and Dragonfly adds new funding to its partnering proceeds.