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Japan-Update

Japanese bioventures receiving healthy dose of investor funds

Top-tier bio startups rack up record market capitalization

TOKYO -- Japanese deregulation and partnerships with established drugmakers have led to a renaissance among domestic bioventures as investors shower funds in anticipation of the next big patent.

Forty-four major bioventures selected by Mizuho Securities had a combined market capitalization of 2.4 trillion yen ($21.7 billion) as of Tuesday, marking a new record.

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