Forbes August 7, 2024
Plus: This billionaire has a $400 million plan to develop an HIV vaccine.
Venture capital funding reached over $23 billion in the month of July, according to Crunchbase, up more than 20% year over year. The leading sector for investment? Healthcare and biotech companies, which raised a total of $6 billion in investment capital–outpacing even AI companies.
The report also notes several notable billion-dollar exits this year, including Nerio Therapeutics acquisition by Boehringer Ingelheim and Otsuka’s acquisition of Jnana Therapeutics.
This Secretive Billionaire Thinks He Can Cure HIV. Here’s Why.
Terry Ragon is a billionaire thanks to founding software company InterSystems, which is used by healthcare systems worldwide. He and his wife have donated $400 million of their wealth in...
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