UK Firms Lead As EU Biotechs Complete Best Ever 1Q VC Fundraising

Europe's biotech sector has just registered its best ever 1Q fundraising from venture capital sources. While the opportunities for conducting initial public offerings have all but dried up, European biotechs announced VC commitments of more than $600m – almost double the amount raised in the equivalent quarter in 2015 – with UK firms taking three of the top 10 slots.