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Finance Watch: Second Quarter Begins With Solid Base For Biopharma VC, Shaky Ground For Acorda

 
• By Mandy Jackson

First quarter VC investments in biopharma set high expectations for the second quarter; Acorda cuts jobs after patent litigation defeat, plus other strategic realignments; no new US IPOs, but Europe has three; and notable follow-on offerings.

Finance Watch

Venture capital investors put $2.2bn into 128 biopharmaceutical companies in the first quarter of this year and at the rate that VC firms are raising new funds, 2017 could be another big financing year for startups and early stage drug developers.

The first quarter fundraising total exceeded the quarterly average of $2bn invested in biopharma firms in 2016, according to data from the PitchBook-NVCA Venture Monitor, a report produced by the...

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The Italian drugmaker gets rights to Phase III-ready asset radiprodil.

GlycoEra’s Series B Cash Will Fund Efforts To Take On FcRn Inhibitor Class

 
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Finance Watch: Public Company Fundraising Sank Across The Board In Q1

 
• By Mandy Jackson

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Finance Watch: SV Closes Second Dementia Discovery Fund, Exceeding $250m Goal

 
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More from Business

Loss Of Exclusivity Product Launches To Fuel Aurobindo’s FY26 Europe Growth

 
• By Vibha Ravi

Aurobindo is banking on launches of loss of exclusivity products and biosimilars to fuel sales in Europe as it awaits a US announcement on tariffs and predicts high single-digit growth overall during FY26 for now

Korea Q1 Roundup: Mixed Earnings, Gearing For Possible US Tariffs

 
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In Brief: Nicox Extends Cash Runway As Kowa Advances NCX 470 In Japan

 
• By Sushmita Panda

Eye drug is already in Phase III trials elsewhere, with results due in Q3. Nicox could earn up to a further €24.5m in milestones and royalties from Kowa alliance.