Biotech IPO boom leaves lock-up worries — but OncoMed may have an answer (Video)
This year's biotech IPO boom is carrying a major follow-up concern: What happens when investors' 90- to 180-day lock-up periods expire?
Will there be a mad rush to the exit by venture capital firms seeking to reclaim their early-on investments? If so, what kind of message will that send to the market? (Here's a good, quick explanation of lock-ups from Investopedia.)
We caught up at the Biotechnology Industry Organization's investor forum in San Francisco with Paul Hastings, CEO of OncoMed Pharmaceuticals… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - October 10, 2013 Category: Biotechnology Authors: Ron Leuty Source Type: research
Life sciences VC up nationwide, down in Houston
There may have been a lot more venture capital flowing for those in the life sciences industry nationwide during the second quarter this year versus the same period last year, but the dollars spent on Houston life sciences companies went down.
Venture capital investment in biotechnology was up 41 percent nationwide for the second quarter this year, with $328 million of the $1.3 billion in funds going to life sciences companies, according to data from The MoneyTree report by the National Venture… (Source: bizjournals.com Health Care:Hospitals headlines)
Source: bizjournals.com Health Care:Hospitals headlines - July 19, 2013 Category: Hospital Management Authors: Bayan Raji Source Type: research
Breakthrough raises $5 million for online therapy
Breakthrough, an online counseling and "telepsychiatry" service, raised a $5 million Series A round of funding led by the Social+Capital Partnership with participation from First Round Capital and Great Oaks Venture Capital.
Founded in 2009, Redwood City-based Breakthrough's platform lets patients search detailed profiles of licensed therapists, watch therapist video introductions, book online appointments, and get live care via high definition web conferencing.
The 10-person company says it stands… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - July 11, 2013 Category: American Health Authors: Patrick Hoge Source Type: research
VC-backed IPOs surge in Q2, thanks to biotech boom
The second quarter saw 21 venture-backed initial public offerings reach completion, and saw the largest amount of quarterly activity within biotech since 2000, according to a report Monday by Thomson Reuters and the National Venture Capital Association.
Thirteen of the 21 IPOs were of companies in the life sciences sector; 11 of those were in biotech, with the other two in medical or health care, the report shows.
Two of those biotech IPOs during the second quarter were of Massachusetts-based companies.
Cambridge-based… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - July 1, 2013 Category: Biotechnology Authors: Kyle Alspach Source Type: research
Glowing Plants: Crowdsourced Genetic Engineering Project Ignites Controversy
In April three biohackers from a California Do-It-Yourself biology lab, BioCurious , posted a Kickstarter campaign to crowdsource their plan to bioengineer a glowing plant . They asked for $65,000. But by the close of their campaign at midnight on Thursday, June 6, they had raised a remarkable $484,013. (Meanwhile, BioCurious itself is in financial trouble.) It was the first time anyone had kick-started a genetic engineering project. The group had hit upon a new method for funding biotech, one that’s faster, cheaper and requires less expertise than traditional grants or venture capital. Crowdsourcing does require p...
Source: Scientific American - Official RSS Feed - June 11, 2013 Category: Science Tags: Evolution,Environment,Health,History of Science,Technology,Society & Policy,Biotechnology,More Science,Energy Sustainability,Ecology,Biotechnology,Biology,Everyday Science Source Type: research
Life sciences venture capital in emerging markets
Nature Biotechnology 31, 565 (2013).
doi:10.1038/nbt0613-565c
Authors: Justin Chakma, Stephen M Samut & Ajay Agrawal (Source: Nature Biotechnology)
Source: Nature Biotechnology - June 10, 2013 Category: Biotechnology Authors: Justin ChakmaStephen M SamutAjay Agrawal Tags: Research Source Type: research
Akebia Therapeutics raises $41 million in venture capital: EXCLUSIVE
Biotech company Akebia Therapeutics has raised a whopping $41 million from venture capital companies.
The Blue Ash-based drug company said Tuesday it raised the capital to fund development of a drug to treat anemia and cancer. Akebia will use this Series C financing round to complete clinical studies and other steps in developing the drug now known as AKB-6548.
Downtown-based Triathlon Medical Ventures is among the investors in the $41 million financing, Akebia said in a news release. Satter Investment… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - June 4, 2013 Category: Biotechnology Authors: Steve Watkins Source Type: research
Turning point: Laura Deming
Nature 497, 7449 (2013). doi:10.1038/nj7449-399a
Author: Karen Kaplan
Fearless teen scientist dives into venture capital. (Source: Nature)
Source: Nature - May 15, 2013 Category: Research Authors: Karen Kaplan Tags: Naturejobs Source Type: research
Thomas Thurston's secret algorithms for picking VC winners
On Monday I told you about Thomas Thurston, a Portland researcher who’s working with legendary investment banker Bill Hambrecht.
Thanks in large part to Thurston’s influence, Hambrecht and his partners at San Francisco venture capital firm Ironstone Group will journey to Portland in mid-May to hear investment pitches from 28 Oregon startups. Ironstone will sift the companies using algorithms developed by Thurston and designed to identify companies with the potential to disrupt their markets.
I… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - April 30, 2013 Category: American Health Authors: Robert Goldfield Source Type: research
NEVCA head C.A. Webb talks growth & change in the VC community
C.A. Webb, formerly director of marketing at Care.com, took over as executive director of the New England Venture Capital Association in January 2012. Webb says she's been working since that time to make the organization more visible and active in promoting the region's venture-funded economy.
The association has held a number of high-profile events under her leadership, for instance, including talks from Facebook COO Sheryl Sandberg and prominent venture capitalist Brad Feld of Foundry Group. And… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - April 26, 2013 Category: American Health Authors: Kyle Alspach Source Type: research
Florida life science funding, deals up in 2013
Venture funding for Florida life sciences was up 19 percent in 2012 to $103.5 million, and the number of deals was up 27 percent compared to 2011, according to a report from BioFlorida Inc..
Of the 19 life science deals in 2012, two went to Orlando-based LensAR Inc., which makes cataract laser machines.
LensAR received $24 million in the first quarter of 2012, according to the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association, based on data from Thomson… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - February 28, 2013 Category: American Health Authors: Bill Orben Source Type: research
How is Florida's venture capital industry faring?
The latest MoneyTree Report published by PricewaterhouseCoopers and the National Venture Capital Association elicited much local response to the news that in 2012 Florida dropped nationally to 18th from 13th for venture capital (VC) dollars invested in 2012.
Investment in Florida companies dropped $141 million, or 42 percent, from 2011. While the topic of VC in Florida is hotter than July, sometimes the numbers don’t tell the whole story. Review the following statements and test your knowledge… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 23, 2013 Category: Pharmaceuticals Authors: Jane Teague, COO of the Florida Institute for the Commercialization of Public Research Source Type: research
How is Florida's venture capital industry faring?
The latest MoneyTree Report published by PricewaterhouseCoopers and the National Venture Capital Association elicited much local response to the news that in 2012 Florida dropped nationally to 18th from 13th for venture capital (VC) dollars invested in 2012.
Investment in Florida companies dropped $141 million, or 42 percent, from 2011. While the topic of VC in Florida is hotter than July, sometimes the numbers don’t tell the whole story. Review the following statements and test your knowledge… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 23, 2013 Category: Biotechnology Authors: Jane Teague, COO of the Florida Institute for the Commercialization of Public Research Source Type: research
Queen’s, Hawaii Pacific Health team with state on $10M health-care fund
Two of the largest hospital organizations in Hawaii, The Queen’s Health Systems and Hawaii Pacific Health, are working on a partnership with the state to create a $10 million venture capital fund for health care called the “Hawaii Care Fund,” Pacific Business News has learned.
A source told PBN that the state is contributing $5 million with the rest coming from Queen’s and Hawaii Pacific Health.
Hawaii Care Fund, which also includes the involvement of the Hawaii Strategic Development Corp.,… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - February 23, 2013 Category: Biotechnology Authors: Duane Shimogawa Source Type: research
Queen’s, Hawaii Pacific Health team with state on $10M health-care fund
Two of the largest hospital organizations in Hawaii, The Queen’s Health Systems and Hawaii Pacific Health, are working on a partnership with the state to create a $10 million venture capital fund for health care called the “Hawaii Care Fund,” Pacific Business News has learned.
A source told PBN that the state is contributing $5 million with the rest coming from Queen’s and Hawaii Pacific Health.
Hawaii Care Fund, which also includes the involvement of the Hawaii Strategic Development Corp.,… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - February 23, 2013 Category: Pharmaceuticals Authors: Duane Shimogawa Source Type: research
