Where the money is: Biotech’s megahubs command VC's billions
When it comes to the geography of biotech money, there’s the Bay Area/Silicon Valley and the Boston/Cambridge hub at the epicenter of the Northeast’s key region.
And then there’s everything else.
As part of a series on venture capital and biotech, Endpoints asked the analysts at Thomson Reuters to run the numbers on where the life sciences investment money flowed last year. They tracked $3.5 billion for Silicon Valley plus the Bay Area and $2.8 billion for New England. Broken down by city, $6.1 billion went to Boston ($2.7 billion), San Jose ($2.5 billion) and San Francisco/Berkeley ($1 billion).
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