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The Boston Globe

Business

Biotech investing surges

Buoyed by a rising stock market and the successful debut of several public companies, investors poured more than a quarter-billion dollars into biotech start-ups in the Boston area during the third quarter of this year.

The surge in investments — worth $266 million — is an abrupt turnaround from the previous quarter, when the biotechnology sector experienced its lowest level of funding in nearly a decade, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thompson Reuters.

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