Medical Device Link.

2007 MEDTECH SNAPSHOT

PriceWaterhouseCoopers has said that medical device investing is at an all-time high. It estimates that $1.08 billion went into 96 deals during the first quarter of 2007. The sector also attracted 27 first-time deals during the same period.

Top companies backed by venture capital include Boston Scientific Corp.; Kyphon Inc., which is now being acquired by Medtronic; and Intuitive Surgical Inc. As a whole, device companies have better performance numbers than most companies on the S&P 500 index.

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Medical device companies require capital to get through the regulatory process, and the VC industry is responding. Venture capitalists are now willing to invest in later stages with the hopes that an IPO or robust acquisition is around the corner. —Mark Heesen, president, National Venture Capital Association Investments in the medical device and equipment sectors made by venture capital firms.

The medical device industry continues to outperform the S&P 500 index in many categories. Source: Baseline.

The top 40 public medical manufacturers worldwide, ranked by trailing 12 months (TTM) revenues. Source: Baseline.