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Stephen Taub
Premium
Hedge Fund VC Activity Reveals Biopharma’s Fading Momentum
RA Capital, Perceptive, and others scale back deals in life sciences—reflecting a broader slowdown in the sector after last year’s brief rebound.
Stephen Taub August 5, 2025
abstract biopharma

Venture capital activity in the biopharma and life sciences industries has significantly declined from last year’s near-record pace. This is especially apparent among hedge fund firms with dedicated VC funds or that have traditionally dedicated a sizeable slice of their capital to private investments.In the

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