Corporate Finance: Device Sector Sees Off-the-Charts Venture Capital Investment

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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