Funding For New Medical Ventures ImprovingThe Dallas Morning News reports on the funding climate for health care technology startups.
At the second annual MedVentures conference, "the consensus of entrepreneurs is that the fundraising climate is getting better after a rough few years, but there's still a dearth of seed and start-up money. Venture capital investments in biotechnology and medical devices ... peaked in 2007 and hit a low point in early 2009. But funding for the first half of this year is increasing. For the Dallas area, venture capitalists invested $12.1 million in life sciences in the first half of this year compared with nothing at all last year, according to data from PricewaterhouseCoopers. Statewide, life sciences raised $57.2 million, beating the $9.4 million for the first half of 2009. Nationally, biotechnology raised the most money of any industry in the first half of 2010 $2.1 billion, up 31 percent from a year ago" (Jean, 7/22). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.