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Start-Up Quarterly Statistics, Q1 2010

 
• By Deanna Kamienski

Highlights from the Q1 2010 review of start-up dealmaking: Biopharma, medical device and in vitro diagnostics startups raised a total of $331 million, a 66% drop from the previous quarter's $976 million, and a 52% slide from Q1 2009. As was the case in Q4 2009, Series B rounds dominated in the biopharma and device sectors. Just one acquisition closed in the quarter - BioMarin buying LEAD Therapeutics - however two others are in the works. On the alliance front, SpePharm and Dicerna each signed two deals in Q1.

In the first quarter of 2010, biopharma, medical device and in vitro diagnostics start-ups raised a total of $331 million, a 66% drop from the previous quarter's $976 million, and a 52% slide from Q1 2009. The decline from Q4 can be attributed to a decrease in the number of transactions and the fact that there were fewer big financings. Of the total Q1 fundraising, 70% or $232 million came out of the biopharmaceutical industry. As was the case in Q4 2009, Series B rounds dominated in the biopharma and device sectors. ( See Exhibit 1.)

Once again, large-molecule-focused start-ups were active in the fundraising department. Alnara Pharmaceuticals Inc. was one of eight raising money this quarter. ( See Exhibit 2.) The company, which is...

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