New York Biotechnology Association Release: New York State Life Science Organizations Garner over $27 Million in Venture Capital and $157 Million in US Government Funding in Q2 2010

Published: Sep 16, 2010

NEW YORK--(BUSINESS WIRE)--In a sign that investment in New York’s life science sector is rebounding after its worst venture investment year in over a decade, the New York Biotechnology Association (NYBA) announced today that in the second quarter of 2010, New York State life science companies reaped $28.7 million in venture capital investment. Additionally, universities, companies and research organizations garnered $157 million in US government funding during the same period. All told, for the first half of 2010, New York life sciences organizations have received over $336.6 million in private and government investment. The data, analyzed by NYBA, is based on results from the quarterly PricewaterhouseCoopers Money Tree Report and the National Institutes of Health.

Back to news