Relay Advisors

Fourth-Quarter Surge in Deals Lends (Cautious) Hope for 2010


  • The National Venture Capital Association recently reported that biotech investments declined 19 percent in 2009 compared to 2008.
  • The industry saw a surprise fourth-quarter surge in deal-making:  75 deals at a total value of $15 billion.

  • Among big pharmaceutical firms, Novartis was busy in the fourth quarter, signing seven deals worth $2.4 billion. GlaxoSmithKline PLC was busier with nine deals of a value of $2.8 billion.

Takeaway: Biotech investment is expected to pick up in 2010, especially with players like Merck & Co. Inc being mostly absent in 2009.

Source: Jennifer Boggs at BioWorld Today


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