Topic:

Venture Capital

Latest Headlines

Latest Headlines

Inside biotech's big year: 2013's approvals, IPOs and sky-high valuations will be tough to top

Thanks to some risk-accepting venture capitalists, optimistic public investors and compromising regulators, 2013 was a banner year for the drug development business. But while much of the industry's optimism has rolled on into the new year, early signs suggest 2014 may struggle to keep the pace.

Lumena banks $45M and hits the gas on two liver treatments

San Diego biotech Lumena Pharmaceuticals has nailed down a $45 million B round with plans to move forward with treatments for two liver diseases, one a painful orphan condition and the other a fast-spreading cause célèbre in the biotech world.

ZS Pharma bags $55M to take its kidney drug to the FDA

Texas biotech ZS Pharma banked a $55 million D round, cash that should help get its Phase III-tested treatment into the hands of regulators and, eventually, onto the market.

The top 15 cities for biotech venture funding

Anyone looking to start a biotech company should pay close attention to this list. Venture groups, entrepreneurs and increasingly Big Pharma have been concentrating their money and their attention in a few key places, only occasionally straying from the beaten path when funding a high-risk drug development effort.

With $375M in the bank, VC Abingworth hunts for a few promising biotechs

Days after word got out that Abingworth was nigh on closing its latest raise, the London-based venture capital stalwart has signed the final line on an upsized $375 million fund. Now, after coming through with some high-profile exits in recent years, Managing Partner Stephen Bunting said his firm is looking for the next generation of biotech winners.

Report: Abingworth tees up $330M-plus to bankroll biotech bets

Life sciences venture outfit Abingworth is creeping up on a close for its 6th fund, according to Dow Jones Venturewire, reportedly outstripping its goal of $330 million as it stocks up for another round of investments.

Corporate VCs back $49M round for dermatology player

Novo Ventures has stepped up to lead a $49 million round for San Diego-based Thesan Pharmaceuticals, which is developing new dermatology drugs for conditions like acne and atopic dermatitis.

Cash-flush Versartis swings for an $80M IPO to advance its orphan drug

On the same day it announced a $55 million E round, California biotech Versartis filed to go public in an $80 million IPO, planning to use its fast-growing bank account to get a promising orphan therapy through late-stage trials.

Novimmune banks $66M for immunotherapies as IPO rumors surface

Swiss biotech Novimmune has closed a $66 million B round to bankroll its broad pipeline of monoclonal antibodies, and one of the company's lead investors told a local newspaper that it's considering going public to further finance its projects.

Japan's RegImmune nails down $9.2M to get its pipeline into the clinic

Tokyo drug developer RegImmune has banked $9.2 million in Series D financing to bankroll early-stage products using the company's immune system-regulating platform.