April 26, 2010
I have good news for you! Some industries are doing very well these days. For example: Rheonix, Inc., which is based in Ithica, New York just received $12.6 million in series A funding on April 21, 2010 from the Cayuga Venture Fund, LLP. The funding will go to continue the development for the Rheonix CARD, which is to be a new innovative diagnostic system for molecular biology.
Because the life sciences is a constantly evolving industry and is full of many different innovative developments that will later find their way into the healthcare industry. Molecular biology, biometrics, and genetics are becoming more frequent in todayâ€™s life, hence the life sciences industry will be profitable for a long time.
Another industry that seems to be doing well is the pharmaceutical industry. Proof of this lies in the fact that Catabasis Pharmaceuticals, based in Cambridge, Massachusetts; also announced on April 21, 2010 that it has just secured $36.9 million in series A funding from SV Life Sciences, Clarus Ventures, Medlmmune Ventures, and Advanced Technology Ventures. Catabasis is using the funding to develop a new system to target Type 2 diabetes, which affects millions of people in the United States and the Western world.
Many people have illnesses that are chronic and other health issues and with the developments in medications for a wide range of health issues, the pharmaceutical industry is another industry that will be doing well for a while. Why do these two industries doing so well in a time when other people are starting to be tight with their money? Well, the answer is quite simple. All industries do well on supply and demand. In todayâ€™s economy, with a large amount of job loss, many people will not be spending as much money on consumer products that are not necessary. However, there is always a need for medicine and new treatments for all kinds of diseases or other health issues that many people suffer from. The same thing holds true with the life sciences industry. Life sciences can help the medical industry and be instrumental in developing new treatments or even cures for certain incurable illnesses, such as certain types of cancers and other chronic diseases.
With the constant talk of security and terrorism, the biometric industry is also heavily reliant on the life sciences industry. Along with security and terrorism, biometrics can also help out in fighting identity theft and biometrics works of the biological data of your body. Life sciences can develop technologies that can accurate preserve your unique biological data for biometric documents.
How can VCgate help? VCgate can help you by giving you access to over 4300 investors worldwide and you can choose these investors by their industrial, geographic, and stage preferences. Not only that, you do have access to many investors who invest in the pharmaceutical industry. You can also search in the diversified industries to find investors who can also invest in industries related to the industries in this newsletter.
If you are in another industry, donâ€™t fret! There is also something for you. VCgate has many industries to choose from and you can also find the right investor for you. Remember, tough economic times are always the best times to invest. Tough economic times can provide opportunities for investments that might not necessarily be there when the times are good. Investors know what opportunities are good at a given time and you can also use all the resources at VCgate to help you find the right investor for you.
All the best and good luck!
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