Navigation Links
Medical Devices Get Most Funding in Slow Stretch for VC: Mid-Year Results from Healthcare Corporate Finance News

Mid-year results reveal that the last time the health care venture capital market experienced such a slow six-month stretch was the second half of 2005. During the six months ended June 30, 2008, based on deals with disclosed prices of $1 million or more, 208 health care venture capital deals were announced totaling $3.58 billion. The second quarter ended June 30, 2008 produced 105 deals totaling $1.66 billion.

NORWALK, Conn. (Business Wire EON) July 14, 2008 -- Medical device companies captured an impressive share of the dollars and deals, as displayed in the following chart, which breaks out by sector the total number of deals and total amount of funding, for both the quarter and the first six months of the year.

Health Care Venture Capital Investment Totals By Sector Sector Second Quarter Ended June 30, 2008   Six Months Ended June 30, 2008 Number of Deals   Dollar Total, In Millions Number of Deals   Dollar Total, In Millions Medical Devices 29   $430.2 63   $1,098.7 Biotechnology 26   $467.8 51   $853.4 Biopharmaceuticals 23   $332.4 40   $709.3 Pharmaceuticals 10   $213.7 26   $614.0 e-Health 9   $57.3 17   $110.2 Health Care Services & Other 8   $156.1 14   $234.4 Total 105   $1,657.5   211   $3,620.0 Biotechnology and biopharmaceutical companies also continue to attract a major portion of the venture capital funding devoted to health care. "The downturn in funding and deal volume is, to some extent, a reflection of the broader markets, which presently feature uncertainty related to economic and regulatory forces," remarked Gretchen S. Swanson, Editor of Healthcare Corporate Finance News. "In addition, the current lack of demand for venture-backed IPOs is giving investors and entrepreneurs a reason to focus on intensifying efficiency and consider alternate strategic options for accessing capital."

"Investment in certain sectors of the health care market is being driven by the need for new technology that addresses the limitations of currently available treatment," commented Stephen M. Monroe, Managing Editor. "Companies with commercial-stage products and growth prospects are among the most desirable investment opportunities for venture capitalists."

The most active venture capital firms in the health care sectors during the first half of 2008 are listed below, with figures for both the quarter and the six months ended June 30. Number of investments refers to the number of times the firm contributed to a financing announced during the given period.

Most Active Health Care Venture Capital Firms The Second Quarter,

Ended June 30, 2008

  Number of Investments   The Six Months Ended June 30, 2008

  Number of Investments Domain Associates   5   Domain Associates   11 PTV Sciences   5   Versant Ventures   10 Pequot funds   4   Kleiner Perkins Caufield & Byers   8 Versant Ventures   4   Polaris Venture Partners   6 Atlas Venture   3   PTV Sciences   6 HBM funds   3   Delphi Ventures   5 NLV Partners   3   Flagship Ventures   5 Psilos Group   3   Forbion Capital Partners   5 Three Arch Partners   3   MPM Capital   5     Sofinnova funds   5     SV Life Sciences   5     Three Arch Partners   5 Healthcare Corporate Finance News ( reports weekly on financial events in the fast-paced venture capital, private and public equity, and merger and acquisition markets for health care companies, and provides subscribers with access to a searchable online database of health care venture capital deals. This monthly newsletter and weekly email update is published by Irving Levin Associates, Inc., a leading financial publisher and source of market intelligence since 1948. For more information, please call 1-800-248-1668.

o receive this press release via email, send a message to


Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved

Related medicine news :

1. VNUS Medical Technologies to Report Second-Quarter 2008 Results and Webcast Teleconference on July 29
2. Surgeons Use USGI Medicals EndoSurgical Operating System to Complete Live Incisionless Appendectomy at Leading NOTES Conference
3. American Hospital Management Company Appoints Gregory Ciottone, MD as Chief Medical Officer
4. American Laser Centers Appoints New Corporate Medical Director
5. Developer of Mobile Hospital Computing Equipment and Medical Carts Helps Hospital Upgrade to Wireless
6. VNUS Medical Technologies, Inc. Announces Board of Director Resignation
7. Using Mediasite for Lecture Capture Found to Enhance Student Performance at Penn State Milton S. Hershey Medical Center
8. Bold Evolution Transforms National Jewish Medical and Research Center to National Jewish Health
9. 1,000th Uninsured Virginia Patient Secures Access to Quality Medical Care Through Virginia Cares Uninsured Program (VCUP)
10. Merit Medical Pre-Announces Record Sales and Earnings for the Second Quarter Ended June 30, 2008
11. NOTES research activities increase with grants from Olympus medical Systems totaling $1 million
Post Your Comments:
(Date:11/30/2015)... ... November 30, 2015 , ... The recently published ... Data System (NPDS) reveals that in 2014, someone called a poison center about ... million of which were human exposure cases. , The American Association of Poison ...
(Date:11/30/2015)... ... November 30, 2015 , ... Brenntag Specialties, ... channel partner for the Nutraceutical Specialties products into oral solid dosage in the ... , “We are pleased to announce our expanded distribution agreement with ASI.” ...
(Date:11/30/2015)... ... November 30, 2015 , ... Medicalis, a leading ... Society of North America (RSNA) annual meeting, being held November 29 – December ... Throughout 2015, the company has completed installations for Integrated Delivery Network (IDN) ...
(Date:11/30/2015)... FLorida (PRWEB) , ... November 30, 2015 , ... ... PLLC (“Holcomb – Kreithen”), one of the leading plastic surgery practices in Florida, ... has been chosen to consult for surgical innovations giant Ethicon Inc., a Johnson ...
(Date:11/30/2015)... ... November 30, 2015 , ... Insightra Medical, Inc. and Novus ... technology for soft tissue repair in the US via Insightra’s national direct sales ... mesh intended to support and reinforce soft tissue for 6-9 months before absorbing ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... November 30, 2015 --> ... "Dental Lasers Market by Product (Soft Tissue, All Tissue, Dental ... (Hospitals, Clinics), and Geography - Global Forecast to 2020", published ... 2020, at a CAGR of 5.2% during the forecast period ... data Tables and 62 Figures spread through 167 P ...
(Date:11/30/2015)... 2015  PTS Diagnostics, the U.S.-based manufacturer of point-of-care ... A1CNow ® systems, and PTS Detect™ cotinine systems, ... that will propel the company into the mHealth market. ... Europe . The technology is a system that ... smartphones and tablets, and uses test strip technology already ...
(Date:11/30/2015)... Nov. 30, 2015 Oramed Pharmaceuticals Inc. (NASDAQ: ... the development of oral drug delivery systems, announced today ... at up to $50,000,000 with Hefei Tianhui Incubator of Technologies Co., Ltd. ... capsule, ORMD-0801, in China , ... . The agreements were signed at the Israel ...
Breaking Medicine Technology: