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The amount of capital invested in biotechnology has likewise fluctuated over the years, peaking alongside the IPO market. As with IPOs, each new peak has soared higher than any previous, with positive trends even in off years. Biotechnology has attracted more investment in 2001 and 2002 - two off years following the 2001 zenith - than in the entire five year period of 1994-1998, which included the previous peak, 1996.
Source: Burrill and Co., SG Cowen Securities
*2002 Annualized from $6,013 as of 5/31/02
| Underlying Data |
| Year | Amount
(in millions) |
| 1980 | $35 |
| 1981 | $163 |
| 1982 | $143 |
| 1983 | $466 |
| 1984 | $56 |
| 1985 | $83 |
| 1986 | $922 |
| 1987 | $577 |
| 1988 | $72 |
| 1989 | $598 |
| 1990 | $367 |
| 1991 | $4,137 |
| 1992 | $2,403 |
| 1993 | $2,076 |
| 1994 | $999 |
| 1995 | $2,633 |
| 1996 | $4,768 |
| 1997 | $4,860 |
| 1998 | $3,129 |
| 1999 | $9,428 |
| 2000 | $28,930 |
| 2001 | $9,568 |
| 2002* | $14,431 |
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