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Investment in San Diego County startups slowed in the first quarter of the year with fundings falling 46% compared to a year ago. Venture capitalists invested about $993 million in the first three months of the year ending March 31, according to a report by PitchBook, an industry research firm, and the National Venture Capital Association. That level, though, is still about 15% more than the first quarter of the boom year 2020. San Diego County’s first quarter follows a strong year for investments in 2024. Last year, $5.2 billion...

Roche has pledged to upgrade three R&D sites and pointed to the recent announcement of a new home for its cardiovascular, renal and metabolism R&D work as proof that the Swiss pharma is investing serious money in the U.S. With the industry bracing for the looming threat of pharmaceutical tariffs, Roche has become the latest Big Pharma to announce a ramp-up in investment in its U.S. footprint. In an April 22 release, the Basel, Switzerland-based company said it would spend $50 billion over five years in the country, although not...