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2005 was a tough year for U.S. biotech financing

As we are still in January, it is appropriate that we continue to review biotech results for 2005 and try to find lessons learned that might help us discern trends for 2006.

Another research tool I have always found useful for this analysis is Burrill & Co.'s financial tracking information on the biotech industry. On......

Full article >>> ded in Burrill's review, as Burrill focuses principally on drugs versus medical devices).

Another interesting trend that Burrill notes is M&A activities. We have all been filing the high profile bidding war in the beginning of 2006 (which actually started in 2005) between Boston Scientific/Abbott Labs and J&J to acquire Guidant; at this writing, it appears that Boston Scientific/Abbott La......

Full article >>> companies, struggling with their pipelines and potential generic intrusion as patents come to an end on key products.

Let's look at Burrill's information on the different channels of biotech financing in 2005:

U.S. biotech financing in 2005 ($millions)
Type of Financing20042005% Change
Public
Full article >>> n the U.S. Remember that this applies to a little more than the 300 publicly-traded biotech companies in the U.S.

VC financing of $3.5 billion in 2005 was down 7 percent. This result is bad news for the 1200+ privately held biotech companies in the U.S. that depend mostly on VC financing. Assuming the number of 1200 companies, the average raise-up per company was less than $3 million in ......

Full article >>> and early stage life science companies such as Renovar, a Wisconsin-based in-vitro diagnostics company. Rosen is also a founder and board member of the Illinois Biotechnology Industry Organization. He can be reached at rosenmichaels@aol.com

This article has been syndicated on the Wisconsin Technology Netw......

Full article >>>
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Source:wistechnology.com By Michael Rosen 01/30/06


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