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Article: Study Shows VC Investments in Massachusetts Medical Device Companies Growing at 47% Per Quarter; Babson College Analysis Shows Growth for Massachusetts Medical Device Investment.
- Article from:
- Business Wire
- Article date:
- November 19, 2002
CopyrightCOPYRIGHT 2002 Business Wire. 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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Business Editors & Health/Medical Writers
BOSTON--(BUSINESS WIRE)--Nov. 19, 2002
Massachusetts medical device investments have shown a consistent upward surge in 2002 compared to last year, even when investment nationally dipped over the past quarter, according to a new Babson College study released today at MassMEDIC's Investment Conference for early stage device companies. Medical device investments in the state have been growing at a compounded quarterly growth rate of 47% since Q4 of 2001. Nationally, the sector experienced a growth rate of 4%. In addition, the share of funding going to early stage and start-up medical device companies in the state ...