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Start-Up Quarterly Statistics, Q2 2010

 
• By Deanna Kamienski

Highlights from the Q2 2010 review of start-up dealmaking: Biopharma, medical device and in vitro diagnostics startups raised a total of $606 million, an 83% hike from the previous quarter but a 30% drop from Q2 2009. Unlike Q1, which saw four spin-offs, Q2 had just one. Three acquisitions closed including J&J's purchase of respiratory-focused RespiVert. During the second quarter of 2010, several companies signed multiple agreements including Clovis Oncology.

In the second quarter of 2010, biopharma, medical device, and in vitro diagnostics start-ups brought in a total of $606 million, an 83% hike from the previous quarter when only $331 million was raised. In fact, fundraising was up across all industries compared with Q1 – $343 million for biopharmaceutical companies (a 48% jump), $102 million for device start-ups (a 28% increase), and $161 million in the diagnostics segment (over eight times more than the first quarter). ( See Exhibit 1.) However, compared with the same period a year ago, 2010 Q2 financings fell short. Start-ups in the second quarter of 2009 generated $864 million, which was 30% more than in the second quarter of 2010. And more than half of that money ($465 million) went to the medical device sector.

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