Finance Watch: Biopharma VC Deals On Track For A Record-Breaking Year

Private Company Edition: Venture capital invested in pharma and biotech in 2020 totaled $19.5m through Q3, just $400m below the full-year record total of $19.9bn in 2018. Also, Canaan and Catalio reveal new VC funds, while Talaris’s $115m series B leads recent financings.

Finance Watch

Venture capital fundraising by biopharmaceutical companies in 2020 totaled $19.5bn during the first three quarters of 2020, which beats the full year 2019 total of $17.4bn and is on track to surpass the record-breaking 2018 total of $19.9bn, according to the Venture Monitor report from Pitchbook and the National Venture Capital Association (NVCA).

With the amount of venture capital activity already in the fourth quarter, biopharma VC fundraising in 2020 is likely to...

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