Pharma funding sees volatile shifts in May 2024

hanuman

Active member
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Despite a 69.2 per cent month-over-month drop, funding soars nearly 380% YoY, with late-stage investments dominating the scene

As per the data presented by Tracxn.com, funding in the pharmaceutical sectors dropped 69.2 per cent to $261 million in May 2024 from $846 million in April 2024. However, this figure represented a 379.8 per cent increase compared to the $54.4 million raised in May 2023.



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A breakdown of the funding sources showed that late-stage investments accounted for 85.5 per cent of the total funding in May. Private equity (PE) followed at 7.7 per cent, with early-stage and seed-stage investments contributing 4.7 per cent and 2.2 per cent, respectively.

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Maiva Pharma, NephroPlus, and Orbicular Pharmaceutical secured the largest investments in May. Bessemer Venture Partners, Legacy Assets, and Venture Catalysts were the most active investors during this period.



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