Device Deal Deluxe
This article was originally published in Start Up
Alfred E. Mann, the medical device entrepreneur who founded MiniMed and Advanced Bionics, now turns to philanthropy as a means of technology transfer.
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Some VCs insist that only 25%-30% of device investments find a successful exit -- significantly better than the 10% of biotech deals, but still far from a sure thing. As a result, over the past year or so, there has been a marked increase in interest in late-stage dealmaking -- investments made at Series C or later or via alternative vehicles such as PIPE deals and SPACs.
Cilta-cel maintained high response rates in longer-term multiple myeloma data, but ide-cel causes less cytokine release syndrome and severe neurotoxicity – and it has a March decision date at the US FDA.
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