Heathcare venture funding surges in first quarter
Biotechnology and medical-device venture investment soared in the first quarter as funding for information technology and other sectors declined, according to data compiled by Ernst & Young and Dow Jones VentureOne.
Overall venture funding for U.S. companies rose 8% in the quarter, compared to the same period last year. Biotech firms pulled in a record $1.8 billion, more than double what the industry raised a year earlier. Funding for medical-device companies rose 55% to $953 million…. Continue Reading