New fund: SV Life Sciences raising $400M for biotech, health IT startups
The venture capital firm's last fund, in 2010, raised $523M. Historically, SV Life Sciences has invested about 40 percent of its funds in later-stage deals.
The venture capital firm's last fund, in 2010, raised $523M. Historically, SV Life Sciences has invested about 40 percent of its funds in later-stage deals.
Though lots of venture capital for medtech has evaporated, Versant Ventures now seeks $250 million for its fifth medtech fund. The venture capital firm, which has strong presence in biotech and medtech, has a diverse California and Minnesota-based portfolio that includes medical device companies such as Respicardia, Zyga Technology and Autonomic Technologies. According to a […]
As investments in life science companies have dipped over the past few years, some investors have scaled back investments or walked away from the sector all together. But based on a tally by investment research firm PitchBook in its 2013 Venture Capital Healthcare Report, several firms have made 10 or more investments in pharmaceutical, medical […]
Healthcare venture capital executive Paul LaViolette warns that an "inefficient and unpredictable regulatory system" at the Food & Drug Administration should have government officials worrying "more about losing firms to Costa Rica than California. One of LaViolette's killer statistics: three-quarters of the cost to bring new innovative medical devices to market in the United States is in dealing with regulatory issues.
SV Life Sciences has raised the year’s second-largest life sciences fund thus far, exceeding its targeted amount to close with $523 million in commitments. The firm had originally planned to raise $400 million, but attributed its fundraising success in today’s “challenging environment” to its past success, according to a statement. SV’s fundraise represents the second-largest […]
Contract drug development organization Ricerca Biosciences LLC has agreed to acquire the discovery and preclinical business of MDS Pharma Services for $35 million less working capital and cap-ex reserve.