VC firm manager: Investment helps keep biotech firms local

November 20, 2009

By hammersmith

[Source: The Phoenix Business Journal] – Traditionally, Arizona has suffered from cold feet when it comes to investing in biotechnology startups.

The record of venture capital and angel investment deals in biotech-related companies in the state over the years has been lackluster, to say the least.

But one Arizona VC firm is out to break new barriers and diversify the market. And officials there say now is a better time than ever to be investing in the biotech industry.

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