BioCentury
ARTICLE | Finance

Tipping the scale

Scale Venture Partners stops making new healthcare investments

November 14, 2011 8:00 AM UTC

Scale Venture Partners is the latest VC to exit healthcare, having decided it is too difficult to provide returns in the sector. The firm's discontinuation of life science investing comes on the heels of unsettling news from Prospect Venture Partners and Morgenthaler Ventures.

This year is the first since 2000 that ScaleVP has not invested in a life sciences company. From 2000-10, the firm participated in at least 32 financings totaling almost $1 billion for 17 life sciences plays...