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Patent Law

: Patent Docs

Biotech/Pharma Financing Improving, R&D Spending Up

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

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By Donald Zuhn -- A recent article in Signals Magazine reports that biotech and specialty pharma companies raised 41% more revenue in the first six months of 2009 ($8.3 billion) than they did in the same period in 2008 ($5.9 billion) ("Biotech Financing Gathers Steam"). Despite the overall rise in funding for the first half of the year, investment in the second quarter dropped by 4% ($180 million) from the first quarter of the year. The online biotech industry magazine also noted that while public offerings contributed more than $1.8 billion to the funding total (up 78% from 2008), and...

Full post as published by Patent Docs on September 01, 2009 (boomark / email).

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