Market Entry And Exit By Biotech And Device Companies Funded By Venture Capital

Start-up companies in the biotechnology and medical device sectors are important sources of health care innovation. This paper describes the role of venture capital in supporting these companies and charts the growth in venture capital financial support. The paper then uses longitudinal data to desc...

Full description

Saved in:
Bibliographic Details
Published inHealth Affairs Vol. 28; no. 1; pp. w76 - w86
Main Authors Burns, Lawton R, Housman, Michael G, Robinson, Charles A
Format Journal Article
LanguageEnglish
Published United States Health Affairs 01.01.2009
The People to People Health Foundation, Inc., Project HOPE
Subjects
Biotechnology
Biotechnology industry
Capital Financing
Commerce - economics
Equipment and Supplies
Financing, Organized - methods
Initial public offerings
Innovations
Market entry
Market exit
Medical device industry
Medical equipment
Public Policy
Studies
United States
Venture capital
United States
United States > US
Online AccessGet full text

Cover

More Information
Summary:Start-up companies in the biotechnology and medical device sectors are important sources of health care innovation. This paper describes the role of venture capital in supporting these companies and charts the growth in venture capital financial support. The paper then uses longitudinal data to describe market entry and exit by these companies. Similar factors are associated with entry and exit in the two sectors. Entries and exits in one sector also appear to influence entry in the other. These findings have important implications for developing innovative technologies and ensuring competitive markets in the life sciences.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0278-2715
1544-5208
DOI:10.1377/hlthaff.28.1.w76