U.S. markets closed

  • S&P 500

    4,088.85
    +80.84 (+2.02%)
     

  • Dow 30

    32,654.59
    +431.17 (+1.34%)
     

  • Nasdaq

    11,984.52
    +321.73 (+2.76%)
     

  • Russell 2000

    1,840.30
    +56.87 (+3.19%)
     

  • Crude Oil

    112.05
    -2.15 (-1.88%)
     

  • Gold

    1,813.80
    -0.20 (-0.01%)
     

  • Silver

    21.62
    +0.07 (+0.34%)
     

  • EUR/USD

    1.0546
    +0.0108 (+1.03%)
     

  • 10-Yr Bond

    2.9680
    +0.0910 (+3.16%)
     

  • GBP/USD

    1.2484
    +0.0160 (+1.30%)
     

  • USD/JPY

    129.3620
    +0.3090 (+0.24%)
     

  • BTC-USD

    30,104.37
    +436.54 (+1.47%)
     

  • CMC Crypto 200

    675.48
    +432.80 (+178.34%)
     

  • FTSE 100

    7,518.35
    +53.55 (+0.72%)
     

  • Nikkei 225

    26,659.75
    +112.70 (+0.42%)
     
Webinar:

Yahoo Finance Plus presents 'Investing in the new high-inflation, slowing-growth paradigm'

Analyst Callie Cox joins Jared Blikre to help investors find opportunities in a tough market on Wed, May 18 at 2pm ET.

Regional biotech and health firms raked in record investments in 2021

Elizabeth Hayes
·3 min read
Regional biotech and health firms raked in record investments in 2021
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • ABSI

All told, there was about $324 million in VC investments in biotech and digital health companies last year, according to data compiled by PitchBook and The Business Journal. Absci Corp., a synthetic biology company based in Vancouver that went public last July, led the pack, with a $125 million investment led by New York-based Casdin Capital and Redmile Group, on the heals of a $65 million deal in October 2020.

Continue reading

Recommended Stories

  • ‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth

    High-quality items seldom go on sale. Grab them when they do.

  • Why Plug Power Stock Is Jumping Today

    Plug Power (NASDAQ: PLUG) stock shot up this morning and was trading up a solid 12% by noon ET today. The hydrogen fuel cell manufacturer just bagged an order that's piqued investor attention. Tuesday morning, Plug Power said it won an order to supply one gigawatt (GW) electrolyzer to H2 Energy Europe, a company that builds fuel cell solutions and hydrogen infrastructure.

  • If Elon Musk scraps Twitter deal, here's what may happen to the stock

    Here comes a potential Twitter stock crash, warns one long-time tech analyst.

  • Why Shares of Nu Holdings Are Volatile Today

    Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) traded more than 13% higher at 9:40 a.m. ET today before giving up those gains and trading about 1% higher as of 10:26 a.m. The company reported earnings results for the first quarter of 2022 last night. Nu in the quarter also generated record revenue of $887 million, which smoked analyst estimates of only $624 million. Importantly, Nu continued to grow average monthly revenue per active user (ARPAC), which increased to $6.70 on average and to $19 for some of the bank's most mature cohorts.

  • Buffett’s Berkshire Hathaway is buying up Chevron, Citigroup, Paramount stocks

    Yahoo Finance's Jared Blikre breaks down the stocks Warren Buffett's Berkshire Hathaway is buying and selling.

  • Why Nio Stock Just Rocketed by More Than 9%

    In just two days, Chinese electric vehicle manufacturer Nio (NYSE: NIO) is scheduled to report its first-quarter earnings-- at least, according to Nasdaq.com, it is. The company hasn't officially announced its release date yet, and other financial data providers point out that, seeing as Nio reported its Q1 earnings on May 28 in two of the past three years, it's more likely to report closer to that date this year as well. Is there a good reason to buy Nio stock ahead of earnings?

  • Why Tonix Pharmaceuticals Stock Is Crashing Again Today

    Shares of Tonix Pharmaceuticals Holding (NASDAQ: TNXP) were crashing 22.7% as of 10:54 a.m. ET on Tuesday. This stock split took effect today. Reverse stock splits aren't a sign that things are going well for a company.

  • Why Rivian Is Helping Drive Electric Vehicle Stocks Higher Today

    Shares of several U.S.-based electric vehicle (EV) companies are moving higher today and investors can probably thank Rivian Automotive (NASDAQ: RIVN) for that. Shares of Rivian jumped as much as 11.2% in early trading today, and that helped the stocks of other EV names, including Lucid Group (NASDAQ: LCID) and Nikola (NASDAQ: NKLA), to also move higher by 6% and 6.8%, respectively. After the entire EV sector has seen recent stock declines driven by manufacturing and cost headwinds, Rivian CEO RJ Scaringe injected some new confidence with a filing yesterday showing he just bought more than $1 million in his company's stock.

  • ‘Greedy When Others are Fearful’: Warren Buffett’s 8 New Stock Picks in 2022

    In this article, we discuss Warren Buffett’s 8 new stock picks in 2022. If you want to read about some more Buffett stock picks, go directly to ‘Greedy When Others are Fearful’: Warren Buffett’s 4 New Stock Picks in 2022. There are few value investors who have accumulated as much fame as Warren Buffett of […]

  • Market check: Stocks extend into the green amid Jerome Powell comments on inflation

    Yahoo Finance's Jared Blikre examines how stocks are digesting Fed Chair Powell's latest comments on inflation, in addition to sector leaders, semiconductor stocks, Home Depot, and Walmart.

  • Energy Transfer's Perseverance Is About to Pay Off Big Time

    Energy Transfer (NYSE: ET) has a long history of developing infrastructure projects to support growing energy demand. The company has built thousands of miles of pipelines, multiple oil and gas processing facilities, and several storage and export terminals over the years. The master limited partnership (MLP) currently expects to invest upwards of $2.1 billion this year in expanding its energy infrastructure network.

  • Evidence of Nosedive Suggests Boeing Not at Fault in China Eastern Crash

    The Wall Street Journal reports that the crash of China Eastern flight 5375 was likely due to an intentional nosedive.

  • This 24-year-old quit his job at hedge-fund powerhouse Citadel to build on the blockchain Terra. It collapsed two months later.

    Last year, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin's powerhouse hedge fund firm that manages nearly $50 billion. But at age 24, Somani quit in late February with dreams of getting rich in crypto and helping to build a more decentralized financial system. He chose to focus on Terra.

  • Walmart Gets Hammered by Worst Drop Since 1987 on Forecast Cut

    (Bloomberg) -- Walmart Inc. tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel.Most Read from BloombergOnetime Richest Singapore Tycoon Has Lost 80% of His FortuneMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionElon Musk Says Twitter Must Prove Bot Claims for $44 Billion Deal to ProceedOmicron Is Turning Out to Be a Weak VaccineMicrosoft Will Boost Pay and Stock Compensation to Retain E

  • The Safe Bet for DraftKings? Checking the Charts, First

    Betting on sports is popular in America, Britain and around the world. Legal wagering is growing state by state in the U.S. so let's check out the charts of DraftKings . In this daily bar chart of DKNG, below, we can see a large bullish divergence.

  • Why Sea Limited Stock Blasted Higher on Tuesday

    Shares of Sea Limited (NYSE: SE) charged sharply higher Tuesday, gaining as much as 17.2%. The catalyst that sent the e-commerce and digital entertainment specialist higher was its quarterly financial report, which illustrated robust growth that was much better than expected. For the first quarter, Sea Limited generated revenue of $92 billion, up an impressive 64% year over year.

  • Why Cloudflare Stock Is Falling Today

    Inflation fears and an analyst's price target cut are taking a toll on the value of the content delivery network operator.

  • Why Cruise Line Stocks Are Full Speed Ahead Today

    Tuesday is looking like a good day to own cruise line stocks, with shares of Royal Caribbean (NYSE: RCL) rising 2.7% through 10:20 a.m. ET, Norwegian Cruise Line Holdings (NYSE: NCLH) up 3.5%, and industry leader Carnival Corporation (NYSE: CCL) leading the industry higher today as well -- up 3.9%. Investors in the travel and tourism industry in the U.S. can look forward to 4% average annual growth over the next decade, according to a new report from the World Travel and Tourism Council (WTTC).

  • Why Boeing Stock Bounced Back Today

    Aerospace behemoth Boeing (NYSE: BA) stock took a 2.5% hit on Monday after Bloomberg reported that China Southern Airlines (NYSE: ZNH) is delaying acceptance of deliveries of more than 100 Boeing 737 MAX jetliners to 2025 or later. The good news is that Boeing stock is turning around and regaining altitude this morning, up 3.5% as of 11:40 a.m. ET on a note from JPMorgan that argues the news is "not as stark" as it first appeared to be. Contradicting Bloomberg's read on the situation, JP observes that China Southern not saying it plans to accept deliveries through 2024 is not the same thing as China Southern saying it will not accept the planes, reports TheFly.com today.

  • 2 Biotech Stocks That Could Go Parabolic

    Biotech stocks have taken a beating to start the year, with the S&P Biotech Industry Index down more than 49% so far. There are several reasons a biotech stock could go parabolic -- that is, have its shares see a sharp rise in a short period. The company could be the buyout target of a merger deal with a larger pharmaceutical company.