MoneyTree: Nation's Biggest Bioclusters Record Declines in VC Spending in Q2 | GenomeWeb

By Alex Philippidis

The nation's two largest life-sciences clusters joined most of the US in recording declines in venture capital investment in biotechnology and pharmaceutical companies during the second quarter, according to the quarterly MoneyTree Survey released this week.

The period also saw an even sharper falloff in medical device investment, , reflecting continued weakness in the market for financing startups as the economy continues to slump, the report notes.

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