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Israeli life sciences sector sees $2.7 billion investment surge despite war

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IATI, Israel Innovation Authority, and PwC report a 25% rise in funding for health tech and life sciences in 2024.
The Israeli life sciences sector has experienced a significant investment surge, reaching $2.7 billion in 2023 despite the ongoing conflict with Hamas. This investment represents a 10% increase from the previous year, showcasing the resilience and attractiveness of the sector. The funding primarily came from venture capital, with notable investments in companies like BiomX, which raised $15 million for its bacterial therapy targeting chronic lung infections, and Aleph Farms, which secured $10 million for its cultivated meat technology. The sector's growth is attributed to its innovative capabilities, the global demand for health solutions, and supportive government policies, even amidst the challenges posed by the war.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/science/biology/israeli-life-sciences-sector-sees-2-7-billion-investment-surge-despite-war/ar-AA1Acg7h ]