Biotech start-ups flush from big venture rounds - FierceBiotech

Biotech start-ups flush from big venture rounds - FierceBiotech: "U.S. biotech start-ups raked in a whopping $1.5 billion in venture funds in the first quarter, according to Thomson Financial's latest analysis on venture funding. That money was distributed in 102 deals, making biotech the hottest industry in the country for start-ups. Thomson also provided more insight into southern California's big surge in biotech venture rounds, with investors pouring a record $686 million into 44 companies in San Diego. The big numbers led Thomson Financial's Darrell Pinto to predict that 'this will be a breakout year for venture capital.'"