Life Science investing in California declines 5 percent in 2010
Healthcare venture capital investments in California medical companies dropped by 5 percent in 2010 compared to the previous year and 38 percent when compared to 2008, according to a new report by California Healthcare Institute, BayBio and PricewaterhouseCoopers. Venture capitalists invested $2.5 billion in medical device, biotech and pharmaceutical companies in that state in 2010.