As we head home to our families today, Life Science Nation would like to wish you all a very happy holiday. We're looking forward to a new year full of further growth in the life science sector, and new connections and dialogues between all sides of the health technology marketplace. Next Phase will return next week with more insights into the year's fundraising trends; until then, keep warm, and have good cheer.

Early stage therapeutics companies have a long road ahead to reach the marketplace, and will require significant investment along their way. The search for development capital is therefore a constant challenge for therapeutics startups.