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Start-Up Quarterly Statistics, Q1 2012

 
• By Deanna Kamienski

Biopharma start-ups raised $338.1 million – 51% less than in Q4 2011. Device companies brought in $123.7 million and diagnostics firms raised $99.3 million; Series C rounds generated more money in both the device and diagnostic sectors than any other financing type. Cancer was the most prevalent therapeutic area for biopharma alliances. During Q1, M&As across biopharma and diagnostic industries were valued at a total of $471 million.

In the first quarter of 2012, biopharma start-ups raised $338.1 million – 51% less than the previous quarter but a 62% hike from Q1 2011. Series B rounds dominated, generating 43% of the total. Medical device companies brought in $123.7 million – down 11% from Q4 2011 – and 46% of the money was from two Series C financings. In vitro diagnostics start-ups raised a total of $99.3 million, of which 71% or $71 million resulted from three companies’ Series C rounds. (See Exhibit 1.)

Exhibit 1

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