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BIO Notebook: Venture Capital Musical Chairs, Pfizer’s Financing Strategy, And Boehringer on Being The Early Bird

 
• By Scrip Team

Plus, Roche talks about why it wants to partner with firms that have machine learning expertise as the BIO International Convention continues in Boston.

BIO 2023 Notebook Day 3
• Source: Shutterstock

Venture capital investment in biotechnology companies has declined significantly in 2023 as VC investors reserve cash for companies they backed previously, in part because hedge funds and others have dropped out of the market for larger venture funding rounds that precede an initial public offering.

Chris Garabedian, chairman and CEO of the biotech accelerator and investment firm Xontogeny, said in an interview at the BIO International Convention in Boston

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