January 24, 2007
Venture dollars drop for local biotechs
Crain's Cleveland Business, January 24, 2007
Investors injected $87 million into young health care companies in Northeast Ohio in 2006—barely half of what was raised in 2005, but $26 million more than 2004, according to an annual report by BioEnterprise Corp. BioEnterprise president Baiju Shah said he is "very encouraged" by the findings, which he said indicate an upward trend in health care investment, despite the drop from 2005. Mr. Shah spread credit for the increase in investment over the past few years to institutions such as the Cleveland Clinic and Case Western Reserve University; a growing venture capital community; and groups such as BioEnterprise and JumpStart, a nonprofit that invests in early stage companies with high growth potential. Read article.
Posted by: Heidi Cool, January 24, 2007 04:54 PM | News Topics: Business, Crain's Cleveland Business, Health, Research
http://blog.case.edu/caseinthenews/2007/01/24/venture_dollars_drop_for_local_biotechs
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