MassBio Releases 2018 Industry Snapshot
Introduction of press release from MassBio:
“August 29 – The Massachusetts Biotechnology Council (MassBio) released its 2018 Industry Snapshot report, which shows that Massachusetts biotechs dominated the IPO market in 2017, accounting for nearly half of all US-based biotech IPOs (48%), up from 30% in 2016. 2018 has already outpaced 2017 in terms of total Massachusetts IPOs at 15, which accounts for nearly 40% of all US-based biotech IPOs (January – July 2018). The industry’s success is also expanding across the Commonwealth, with half of the 2017 Massachusetts-based IPOs occurring in biotechs outside of Cambridge in places like Waltham, Newton and Burlington.
When looking at the investment side, it’s a similar story. In 2017, venture capital investment in Massachusetts biopharma companies was $3.1 billion, the highest ever, which accounts for 37% of all US biopharma VC dollars. In just the first two quarters of 2018, VC investments in Massachusetts biopharmas has nearly reached 2017 totals, with $2.7 billion invested. The average deal size has also increased dramatically year-over-year, going from $34 million in 2017 to $51 million in the first two quarters of 2018.”
- The booming Boston/Cambridge biotech hub claims an industry-leading role — nobody beats it at raising record amounts of money (Endpoints)
- The IPO boom has been particularly kind to biotech in Massachusetts (STAT)
- Massachusetts Biopharma Shows Workforce, Investment Growth (GEN)
- Will 2018 Set a Record for Biotech IPOs? (Boston Globe)