ARTICLE | Finance

Lots of Money - Really?

2010 public biotech financing already surpasses pre-meltdown high

November 22, 2010 8:00 AM UTC

The amount raised by public biotech companies so far this year -$25.2 billion - now has surpassed the total of $23.9 billion raised in 2007, the last solid year of financing before the economy collapsed.

Indeed, public biotech financing in 2010 has also exceeded the $24.2 billion raised in the second-highest fundraising year, 2006...