Start-Up Quarterly Statistics, Q3 2010

 
• By Deanna Kamienski

Biopharma, medical device, and in vitro diagnostics start-ups brought in a total of $780 million in Q3 2010, a 29% jump from the previous quarter and a 50% increase from Q3 2009. A total of eight start-up acquisitions closed in Q3, quite a jump from the first two quarters of 2010. The third quarter saw 14 biopharma alliances covering a wide range of therapeutic categories, the most popular indication being cancer.

In the third quarter of 2010, biopharma, medical device, and in vitro diagnostics start-ups brought in a total of $780 million, a 29% jump from the previous quarter and a 50% increase from the third quarter of 2009. ( See Exhibit 1.) Biopharma companies did well in Q3, bringing in $446 million, or 30% more than the previous quarter. Not so for in vitro diagnostics start-ups, which raised just $99 million, 39% less than they did in Q2. Device companies were the most successful at generating more funds compared with Q2 – with a 130% hike. (This spike was mostly due to Devicor Medical Products Inc.'s equity financing, which accounted for 66% of Q3's device total.)

Devicor was the clear fundraising champion in Q3. In what appears to be its first outside financing round (GTCR Golder...

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