Biomedical firms raise about $100 million from investors during first half of 2016

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

Local biomedical companies raised about $100 million in venture capital during the first half of 2016.

Again.

During four of the past five years, young biomedical companies raised between $97.7 million and $104.1 million during the first six months of the year, according to a new report from BioEnterprise. The only exception was the first half of 2013, when the figure fell to $79.1 million.

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Originally published August 8, 2016.