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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

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