New data published today by the BioIndustry Association and @clarivate reveals UK biotechs raised a total of £2.8bn in 2020, marking the best ever year for the sector.
Investment in UK #biotech has increased by over 1000% since 2012! 💰
2020’s £2.8bn record far exceeds the £2.2bn record set in 2018 and is over 10x the total raised in 2012, when the BIA began publishing #investment data. 2/5
UK biotechs raised a total of £1.39bn in venture capital funding over the last five years.📈 3/5
UK #biotechs raised more private capital than any other European country, accounting for 24% of the continent’s total. 🇬🇧 4/5
The events of 2020 didn’t dent global investors’ appetite for biotech, with a world total of £14.57bn raised in new listings on public exchanges.🌎 5/5
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📢BIA report published today reveals that #biotech companies on London stock markets delivered market-beating returns in 2020 and attracted new #investors looking for growth in a turbulent year.
The combined share price of UK-quoted biotech companies was up 155% over the year.📈
It was outperforming the #FTSE All-Share before the #pandemic hit the UK and accelerated after. 2/7
Those involved in diagnostics and #COVID19 treatments were the best performers (up 493% and 475%, respectively).🧫
Other sub-sectors including small molecule drug development (+286%), research tools and data (+153%) and cell & gene therapies (+149%) also performed well.🔬 3/7