Report: Biotech sector raised $3.5 billion in venture capital in 2009

01/22/2010 | Boston Globe (tiered subscription model), The

Venture capitalists invested $3.5 billion in 406 deals within the biotech sector, according to the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association. The industry experienced a 19% drop in investments last year but outperformed other sectors, grabbing the largest share of venture capital funds, the report noted.

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