4
In millions. SOURCE: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Assoc. MoneyTree Survey
In millions. SOURCE: PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Assoc. MoneyTree Survey
VENTURE CAPITAL TRENDS
Medical startups consistently outdrew biotech startups during 2003. The hottest sectors? Pharmaceutical research and
surgical equipment.
2003 TOP VENTURE FUNDINGS
Reliant Pharmaceuticals' $252 million deal was by far the largest life-s
ciences deal of 2003.
Total 2003 Medical / Health
VC Funding: $3.1 billion
Surgical
instrumentation
& equipment
Pharmaceutical
research
Other
Drug-delivery &
other equipment
Biotechnology Companies
Investment
1 Acorda Therapeutics
$55.3
2 Santarus
$55.1
3 Hypnion
$47.5
4 Xanthus Life Sciences
$44.2
5 CancerVax
$41.4
6 Raven Biotechnologies
$40.8
7 Cytokinetics
$40.0
8 Myogen
$39.9
9 Nanosys
$38.0
10 Novacea
$35.0
11 Coley Pharmaceutical Group
$35.0
12 Alnylam Pharmaceuticals
$34.5
13 U.S. Genomics
$31.0
14 Metabolex
$31.0
15 Galileo Pharmaceuticals
$31.0
16 Perlegen Sciences
$30.0
17 Infinity Pharmaceuticals
$29.3
18 BioNumerik Pharmaceuticals
$29.0
19 Xenogen
$28.3
20 Critical Therapeutics
$28.1
21 Guava Technologies
$27.0
22 Helicos Biosciences
$26.9
23 Spiration
$26.9
24 Archemix
$25.7
25 EyeTech Pharmaceuticals
$25.0
Medical / Health Companies
Investment
1 Reliant Pharmaceuticals
$252.0
2 Synta Pharmaceuticals
$75.3
3 Peninsula Pharmaceuticals
$58.0
4 Barrier
Therapeutics
$55.0
5 Rib-X Pharmaceuticals
$51.0
6 Cellgate
$45.0
7 Renovis
$45.0
8 Tercica
$43.8
9 BioMedicines
$43.0
10 Auxilium Pharmaceuticals
$43.0
11 GenPath Pharmaceuticals
$42.7
12 Peptimmune
$41.2
13 Threshold Pharmaceuticals
$41.0
14 Elixir Pharmaceuticals
$41.0
15 Volcano Therapeutics
$40.1
16 Corus Pharma
$40.0
17 Rinat Neuroscience
$40.0
18 OmniSonics Medical Technologies
$33.0
19 Conforma Therapeutics
$30.0
20 CoTherix
$30.0
21 Saegis Pharmaceuticals
$29.1
22 Conor Medsystems
$28.0
23 QUATRx Pharmaceuticals
$28.0
24 Acadia Pharmaceuticals
$28.0
25 Xoft microTube
$27.8
Pharmaceutical
services
Pharmaceuticals /
fine chemicals
(nonbiotech)
21%
11%
10%
9%
7%
42%
Total 2003 Biotech
VC Funding: $1.9 billion
2003 Funding Comparison
Therapeutic
biotechnology
products
Other
Biotech-related
analytical instruments
& apparatus
(5%)
Human
biotechnology
(4%)
Pure & contract
biotechnology
research
Therapeutic
monclonal
antibodies
31%
10%
7%
43%
0
200
400
600
800
$1,000
Q4
Q3
Q2
Q1
Biotechnology
Medical / Health
397
639
418
715
505
677
818
963
