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Finance Watch: Biopharma Fundraising Impact Expected, But Not Apparent Yet

 
• By Mandy Jackson

While COVID-19 shocked global financial markets and is expected to impact biopharma fundraising, investment in drug developers continues, including through two new venture capital funds totaling nearly $2bn. Also, Coherus issues debt to fund deals and MOMA launches with $86m in VC cash.

Finance Watch

Venture capital fundraising by biopharmaceutical companies totaled $5.7bn during the first quarter of 2020 – the second-highest amount ever raised by the industry in a single quarter – as private drug developers finalized financings that most likely were in the works before the COVID-19 pandemic shrank the values of publicly traded companies.

Biopharma venture capital investment is sure to feel an impact over the course of 2020 as investors hold on to cash to weather the economic turmoil caused by COVID-19

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