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Midwest hotter for healthcare investments

Madison, Wis. - The Midwest is emerging as a hot market for bioscience investors who used to make nearly all of their investments on the coasts, according to a new report from BioEnterprise, a Cleveland-based non-profit organization.

The report said the Midwest experienced a 25 percent increase in 2006 for health care-related investments. ......

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NimbleGen Systems, $12.5 million (mezzanine round).

Primorgen Biosciences, Madison, $2.5 million, Louisiana Fund and individual investors.

Renovar, Madison, $1.2 million, NEW Capita......

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We're talking about well-capitalized, venture-stage companies, he stated. They rival the size of some of the deals on the coasts and demonstrate the health of the Midwest healthcare market.

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Source:wistechnology.com By WTN News 01/24/07


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