Targanta venture deal put Indiana atop Midwest

April 26, 2007

Indiana led the Midwest in venture capital received by health care startups in the first quarter, according to BioEnterprise, a Cleveland group that helps bioscience companies.

Four Indiana health care companies lured $94.5 million in the period. Targanta Therapeutics Corp., an Indianapolis company developing antibacterial agents, raised $70 million of the sum.

Following Indiana was Ohio, which attracted $93.9 million across 15 companies.

The Midwest attracted a total of $234 million, more than double the size of a year earlier.

Source: XMLFULL/XMLFull1511.xml

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