251 286 - Biotech Bayern
251 286 - Biotech Bayern
251 286 - Biotech Bayern
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18<br />
More about the Finance Climate<br />
VC investments in biotechnology companies<br />
In 2007, around $ 5.4 billion in venture capital was invested<br />
in young biotech companies in the USA, but only around<br />
$ 1.5 billion in Europe. Of this sum, around � 440 million<br />
was invested in the German Life Science sector (i.e. around<br />
$ 660 million, just about half of the VC finance volume<br />
invested in Europe as a whole). [Source: VC-facts; transkript]<br />
If one subjects these German finance volumes to closer<br />
scrutiny, it becomes apparent that only a fifth of them were<br />
first financing rounds, and that most of them, however,<br />
were third or even later rounds – proof of the difficulties<br />
that particularly young companies are still experiencing.<br />
Investments in Bavaria<br />
Following the ongoing trend over the last few years, the<br />
volume of external funding continues to decrease. In 2007,<br />
there were no IPOs of Bavarian biotech firms and the VCrounds<br />
and follow-on financing of listed companies merely<br />
added up to 209 Mio. � (2006: 240 Mio. � plus an IPO-<br />
Volume of about 150 Mio. �). There is a fundamental<br />
change taking place with Bavarian biotech SMEs gaining<br />
massive financing values by “Big Deals” (a more then tenfold<br />
increase since 2006!).<br />
Company Date Raised Funds Type<br />
[Mio. �]<br />
GPC <strong>Biotech</strong> AG Jan 07 33,6 Follow-on<br />
MediGene AG Feb 07 12,6 Follow-on<br />
Schmack Biogas AG Feb 07 27,20 Follow-on<br />
4SC AG Mai 07 3,40 Follow-on<br />
MorphoSys AG Mai 07 32,60 Follow-on<br />
Kinaxo <strong>Biotech</strong>nologies GmbH Mai 07 k.A. VC<br />
SpheroTec GmbH Mai 07 0,68 VC (HTGF)*<br />
Micromet Inc. Jun 07 25,00 Follow-on<br />
Biocam GmbH Jul 07 2,00 VC + Silent<br />
Partnership<br />
Diaferon GmbH Jul 07 0,68 VC (HTGF)<br />
Proteros biostructures GmbH Aug 07 1,0 VC<br />
4SC AG Sep 07 16,78 Follow-on<br />
MediGene AG Sep 07 15,60 Follow-on<br />
Sirion GmbH Sep 07 k.A. VC (HTGF)*<br />
Antisense Pharma GmbH Nov 07 27,00 VC<br />
Sloning BioTechnology Nov 07 4,70 VC<br />
* HTGF = HighTech Gründer Fond<br />
EXTERNAL FINANCING<br />
Mio. �<br />
800<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
Cooperations (public.)<br />
Follow-On<br />
IPO<br />
VC + Silent Partnerships<br />
151,4<br />
149,5<br />
76,7<br />
64<br />
166,8<br />
38,2<br />
683<br />
2006 2007