DATA GRAPHICS | Data Byte
Biotech venture financing ended 2.5-year slide in 1H24
Total venture raised by biotechs in 1H24 grew for the first time since 2020
July 30, 2024 11:28 PM UTC
Although the public biotech markets are not yet free from their multi-year slump, an analysis of venture funding suggests stabilization of private company funding.
According to BioCentury’s BCIQ database, biotechs raised at least 357 venture rounds in 1H24, bringing in a combined $16.1 billion. Both of those values represented an increase over 2H23...