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Finance Watch: VC Tally Hits $14.5bn For 2018, Beating 2017 With A Quarter Left To Go

 
• By Mandy Jackson

US VC investment in biopharma totaled $14.5bn in the first three quarters of 2018, exceeding the full-year 2017 sum of $11.9bn. UK biotech cash also is rising, benefitting new companies like Sitryx.

Finance Watch

US venture capital investment in pharmaceutical and biotechnology companies rose from $9.7bn in the first half of 2018 to $14.5bn through the third quarter, beating by a wide margin the $11.9bn raised during all of 2017.

The year-to-date total already is record-breaking, outpacing every year since 2006, according to the Pitchbook-NVCA Venture Monitor, a quarterly report compiled by Pitchbook and the National Venture Capital Association. (Also see "Finance Watch: 2018 Biopharma VC Investment Could Beat 2017 One Quarter Ahead Of Schedule" - Scrip, 16 July, 2018

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