Ohio's Biomedical Industry Is a Leader in the Midwest

Tuesday, May 29, 2018

BioEnterprise's report of Midwest biomedical investments ranks Ohio one of the leaders

Every year, BioEnterprise, an Ohio organization that helps Northeast Ohio bioscience companies with growth, releases its Midwest Healthcare Growth Capital Report containing the previous year's biomedical investments in the Midwest.

According to the recently released 2017 report, Ohio biomedical and health care companies last year attracted equity investments totaling $503.2 million, the third highest amount among the 11 Midwestern states included in the report. The investments supported 133 deals, more than any other of the 11 states. The health care IT and software services subsector raised the most money at $194.7 million, while biotech companies raised $162 million and device companies raised $146.5 million.

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