The first quarter of 2020 came out swinging. With $4.9B raised, it was the most-funded quarter on record for health innovation. But then the world changed. On January 11, China reported its first coronavirus death, and two months later the World Health Organization declared that COVID-19 was a global pandemic. These realities rocked the markets — contracts froze and layoffs began. All bets were off as to how the coronavirus would impact health innovation funding going forward. In analyzing the first quarter’s banner funding, MedCityNews wrote that “faced with a global pandemic, the trend is unlikely to continue.”
Image: https://healthtransformer.co
