| Ion
Torrent & 4 Biotechs Draw CT Venture Capital
Venture capital investments
in the Life Sciences area in the first quarter of 2010 totaled
$21.7 million, according to The MoneyTree® Report, issued quarterly by PricewaterhouseCoopers
and the National Venture Capital Association, based on data
from Thomson Reuters.
That figure amounted to
only 17.0% of the $127.4 million of venture capital invested
in Connecticut that quarter, because total investment for
the period included one single deal in
Financial Services of $85.8 million (Pierpont
Securities). Excluding that one deal, investment for
the period in Life Sciences amounted to 52% of the total.
Details are as follows.
CT Life Science
Venture Capital Investments: Representative Investments by Quarter and Type
|
|
|
Company
|
$
|
| 2010
Biotech |
Q1 |
Metagenomix |
400,000
|
| 2010
Biotech |
Q1 |
FMP
Products |
500,000
|
| 2010
Biotech |
Q1 |
Axerion
Therapeutics |
750,000
|
| 2010
Biotech |
Q1 |
Kolltan
Pharmaceuticals |
10,000,000
|
| 2010
Other |
Q1 |
Ion
Torrent Systems |
10,000,000
|
| |
|
|
|
| 2009
Medical Devices |
Q4 |
HistoRx |
3,161,000
|
| 2009
Biotech |
Q4 |
Rib-X |
5,284,000
|
| 2009
Biotech |
Q4 |
Affomix |
1,854,000
|
| 2009
Biotech |
Q3 |
Kolltan |
5,000,000
|
| 2009
Biotech |
Q3 |
BioRelix |
3,600,000
|
| 2009
Biotech |
Q2 |
Marinus |
20,412,000
|
| 2009
Biotech |
Q1 |
Rib-X
Pharmaceuticals |
25,000,200
|
| 2009
Biotech |
Q1 |
Affomix
Corporation |
5,211,000
|
| 2009
Biotech |
Q1 |
Optherion,
Inc. |
5,000,000
|
| |
|
|
|
| 2008
Medical Devices |
Q4 |
SurgiQuest, Inc. |
9,500,000
|
| 2008
Medical Devices |
Q4 |
Carigent Therapeutics, Inc. |
600,000
|
| 2008
Biotechnology |
Q3 |
Cara Therapeutics, Inc. |
12,300,000
|
| 2008
Biotech |
Q2 |
Optherion, Inc. |
15,000,000
|
| 2008
Medical Devices |
Q2 |
SurgiQuest, Inc. |
4,750,000
|
|
2008
Biotech
|
Q1
|
Pequot
EnzymeRx
|
14,000,000
|
|
2008
Biotech
|
Q1
|
Affomix
|
7,000,000
|
| |
|
|
|
|
2007
Biotech
|
Q1
|
RainDance
Technologies
|
23,655,000
|
|
2007
Biotech
|
Q1
|
Cara
Therapeutics
|
5,000,000
|
|
2007
Biotech
|
Q2
|
Spine
Wave
|
45,000,200
|
|
2007
Biotech
|
Q2
|
BioRelix
|
25,750,200
|
|
2007
Biotech
|
Q3
|
Optherion
|
10,000,000
|
|
2007
Biotech
|
Q3
|
Genomas
|
2,500,000
|
|
2007
Biotech
|
Q3
|
REN
Pharmaceuticals
|
1,000,000
|
|
2007
Biotech
|
Q4
|
Optherion
|
26,999,700
|
|
2007
Biotech
|
Q4
|
Carigent
Therapeutics
|
2,000,000
|
|
|
|
|
|
|
2007
Medical Devices
|
Q1
|
Stevens
Proof of Concept
|
500,000
|
|
2007
Medical Devices
|
Q1
|
Applied
Spine Technologies
|
15,000,000
|
|
2007
Medical Devices
|
Q2
|
Applied
Spine Technologies
|
13,000,000
|
|
2007
Medical Devices
|
Q3
|
HistoRx
|
6,552,000
|
|
2007
Medical Devices
|
Q4
|
Ikonisys
|
20,000,000
|
|
2007
Medical Devices
|
Q4
|
HistoRx
|
2,280,000
|
CT Life Science
Venture Capital Investments by Type
|
|
2006
|
2007
|
2008
|
|
|
Deals
|
$
|
Deals
|
$
|
Deals
|
$
|
|
Biotech
|
9
|
146,600,800
|
9
|
145,589,300
|
3
|
24,300,400
|
|
Medical
Devices
|
2
|
15,000,000
|
7
|
69,332,000
|
3
|
15,787,000
|
|
Other*
|
|
|
1 |
23,655,000 |
|
|
|
TOTAL
(Life Sciences)
|
11
|
161,600,800
|
17
|
238,576,300
|
6
|
40,087,400
|
* RainDance
Technologies of Guilford
CT Life Science
Venture Capital Investments by Type (cont.)
|
|
2009
|
|
|
Deals
|
$
|
|
Biotech
|
9
|
146,600,800
|
|
Medical
Devices
|
2
|
15,000,000
|
|
TOTAL
(Life Sciences)
|
11
|
161,600,800
|
CT Life Science
Venture Capital Investments by Type (cont.)
|
|
Q1
2010
|
Q2
2010
|
|
|
Deals
|
$
|
Deals
|
$
|
|
Biotech
|
4
|
11,650,000
|
|
|
|
Medical
Devices
|
0
|
0
|
|
|
|
Other*
|
1
|
10,000,000
|
|
|
|
TOTAL
(Life Sciences)
|
5
|
21,650,000
|
|
|
*Ion Torrent Systems of
Guilford
CT Venture
Capital Investments by Quarter
|
Quarter
|
# of Deals
|
Investment
Amount
|
Life Sciences Amount
|
% Life Sciences
|
| Q1
2010 |
15 |
$127.4
million |
$21.7
million |
17.0%
|
| Note:
Total Investment Amount includes a single deal in
Financial Services of $85.8 million (Pierpont
Securities). Excluding that one deal, the relative
investments would be: |
| Q1
2010 |
14 |
$41.6
million |
$21.7
million |
52%
|
| Q4
2009 |
11 |
$18.8
million |
$10.3
million |
55%
|
| Q3
2009 |
10 |
$14.7
million |
$6.0
million |
41%
|
| Q2
2009 |
11 |
$48.4
million |
$21.2
million |
44%
|
| Q1
2009 |
6 |
$72.3
million |
$70.2
million |
97%
|
| Q4 2008 |
9 |
$15.1 million |
$10.1 million |
67%
|
| Q3 2008 |
11 |
$50.6 million |
$12.3 million |
24%
|
| Q2 2008 |
8 |
$31.5 million |
$10.7 million |
34%
|
| Q1 2008 |
8 |
$18.1 million |
$7.0
million
|
39%
|
| Q4 2007 |
13 |
$78.1
million
|
$61.3
million
|
81%
|
| Q3 2007 |
9 |
$36.8
million
|
$19.1
million
|
52%
|
| Q2 2007 |
9 |
$107.1
million
|
$88.5
million
|
83%
|
| Q1 2007 |
7 |
$ 51.7 million
|
$46.0
million
|
89%
|
| Q4 2006 |
6 |
$39.3
million
|
$20.1
million
|
52%
|
|
Q3 2006
|
10
|
$56.4
million
|
$21.5
million
|
38%
|
|
Q2 2006
|
9
|
$111.7
million
|
$68.7
million
|
62%
|
|
Q1 2006
|
6
|
$56.6
million
|
$51.3
million
|
91%
|
CT Venture
Capital Investments by Year
|
Year
|
# of Deals
|
Investment Amount
|
Life Sciences Amount
|
% Life Sciences
|
| 2009 |
38
|
$154.2
million
|
$107.7
million |
70% |
| 2008 |
35
|
$115.3
million
|
$40.1 million |
35% |
| 2007 |
37
|
$273.7
million
|
$214.9 million |
79% |
| 2006 |
31
|
$263.9
million
|
$161.6 million |
61% |
|
2005
|
31
|
$192.8
million
|
|
|
|
2004
|
32
|
$195.9
million
|
|
|
|
2003
|
34
|
$203.8
million
|
|
|
|
2002
|
38
|
$182.7
million
|
|
|
| 2001 |
70
|
$549.8
million
|
|
|
|
