Biotech Startups

“According to the latest Pitchbook data, venture creation in biotech hit its slowest quarterly pace in eight years during 1Q 2024. With just over 60 new biotechs raising their first round of financing, the sector’s company formation activity has slowed 50-60% from its historic peak in 2021.“
The piece argues why this is a positive for the health of the sector.
Source: LifeSciVC.