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Financing Quarterly Statistics, Q3 2023

A Look At Financing Activity Across The Biopharma, Medical Device And In Vitro Diagnostics Industries, July-September 2023

 
• By Deanna Kamienski and Maureen Riordan

During Q3, biopharmas brought in an aggregate $23.3bn in financing and device company fundraising totaled $3.6bn; while in vitro diagnostic firms and research tools players raised $649m.

Qstats Image 1
• Source: Alamy

Biopharma financing during the third quarter of 2023 totaled $23.3bn from 238 deals. The debt category made up the greatest proportion (36%) of the aggregate Q3 financing dollars (see Exhibit 1), however, two outlier transactions accounted for 83% of the debt total.

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