VC roundup: Biotech investment surpasses software in Bay Area

A recent round of venture capital flowed into biotech companies in California's Bay Area. Aerovance, a new venture from Bayer Pharmaceuticals, raised $32 million in funding, while Point Biomedical and AngioScore raised $27.1 million and $15 million, respectively.

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San Jose Mercury News (Calif.) (free registration)

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