$2.7 billion was invested by VCs last year in medical devices and diagnostics
lehmann at JHMI.EDU
Fri Jan 16 18:10:31 UTC 2015
"Med tech venture investing may lag biotech by more than half, but it's coming on strong. As venture-backed exits pick up, a real devotion to breakthrough innovation seems to be whetting investor appetites. A total of $2.7 billion was invested by VCs last year in medical devices and diagnostics, with $748 million of that total coming during the fourth quarter.
"That's the highest annual sum for med tech venture investment since 2008, when it brought in $3.6 billion. This is according to the latest MoneyTree Report by PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA) based on data from Thomson Reuters. The venture investment for medical devices and diagnostics in 2014 represented 45% of the $6 billion that went into biotech startups for the year.”
There’s gotta be some funding for real diagnostic expertise/science out of all this money!
Moderator: David Meyers, Board Member, Society to Improve Diagnosis in Medicine
More information about the Test