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Pharmatech Report

Q3 2024

Pharmatech Report

December 13, 2024

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Key DNA and cell-free innovations lift pharmatech upward

The pace of VC deals in the pharmatech sector picked up with 65 deals completed in Q3 compared with 47 in Q2, despite a dip to $1.1 billion invested in total.

The sector is propelled forward by technologies that work to enhance precision, scalability, and speed across pharmaceutical and biotech research, manufacturing, and development. Our latest Emerging Tech Research outlines DNA synthesis services and cell-free manufacturing as key innovation opportunities, with spotlights on VC-backed companies Elegen and Nuclera.


Table of contents
Vertical update 3
Q3 2024 timeline 5
Pharmatech VC deal summary 6
Pharmatech landscape 7
Pharmatech VC ecosystem market map 8
Pharmatech PE ecosystem market map 9
VC and PE activity 10
Innovation spotlights 22
       Cell-free manufacturing 23
       DNA synthesis services 25
Select company highlights 27
       Elegen 28
       Nuclera 31