[SIZE="6"]Venture capital firms triple investment in local bioscience industry[/SIZE]
Posted by Mary Vanac January 21, 2008 13:28PM
Categories: Impact, Medical
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Press release: Midwest Health Care Startups Raise Record $1.2 Billion in 2007 (PDF)Health care startups in Northeast Ohio raised nearly three times as much money from venture capitalists last year as they did in 2006, according to a report by BioEnterprise, the region's bioscience company developer.
Companies in Greater Cleveland raised $241.8 million in venture capital last year compared with $87.9 million in the prior year.
A few large deals, such as the $65 million reverse initial public offering by Cleveland biopharmaceutical company Athersys Inc., went a long way to pump up the region's 2007 total. But the number of deals also went up in 2007 - to 28 from 23 in 2006.
Venture capital firms triple investment in local bioscience industry - Cleveland Business News – The Latest Breaking News, Earnings Reports and Stories from The Plain Dealer
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Cleveland Claims 82% of Ohio's bioscience venture capital!!!
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