The medical devices/equipment industry attracted $700 million in venture investment during the 2012 second-quarter for 84 deals, according to the new MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. That number reflects both good and bad news. On the one hand, the deal number reflects an 11% increase. But the net dollars involved remained relatively flat compared to the previous quarter, according to the report. For the overall biotech and medical devices sector, investments fell 9% in dollars and 6% in deals, representing 20% of all VC dollars invested in the quarter. But that's down from 29% in 2011. Release | Special Report