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Article: VCs warming up to area biotechs: San Diego competitive with New England and Silicon Valley in national ranking.(A SAN DIEGO BUSINESS JOURNAL SPECIAL REPORT: BIOTECH)(venture capital investments )
- Article from:
- San Diego Business Journal
- Article date:
- March 24, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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San Diego continues to stake a claim as a leading biotech center, finishing as No. 3 in venture capital investments in the nation in the fourth quarter of 2007 and No. 2 for the year, according to a recent report.
On the quarter, the 15 venture capital investments in San Diego biotechnology companies rolled up $249 million, an increase from $216 million in the fourth quarter of 2006, according to a 2007 MoneyTree Report prepared by PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Financial of Connecticut.
San Diego ranked closely behind New England, which boasted $251 million in biotechnology deals in the ...