Friday, October 21, 2011

Med devices score more VC cash than biopharmas as venture dollars rise in Q3

Venture capital investment was up in the third quarter, with investors putting $8.4 billion into 765 deals for U.S.-based venture companies, according to a new report on Friday from Dow Jones VentureSource.
For the first time since 1998, medical device companies picked up more venture financing than biopharmaceutical companies, while consumer information services — which includes online search, entertainment and social media firms — garnered $1.3 billion for 104 deals in the third quarter.

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