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Home » Neither the best nor the worst of times as European biotech raises $1.9B in Q1
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Neither the best nor the worst of times as European biotech raises $1.9B in Q1

April 3, 2023
By Cormac Sheridan
For European biotech, the first quarter (Q1) of 2023 could hardly be described as the best of times – but the period did not represent the worst of times either. European firms engaged in drug discovery and development collectively raised $1.88 billion during this period. The tally is 4% less than the total raised in the comparable period last year, and it represents just 32% of the total raised during the COVID-19-fueled biotech boom during 2021. But it’s still the third highest Q1 raise during the last six years.
BioWorld Europe

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