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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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