Cash is floating into Biotech like never before, in the US as well as in Europe. And Woodford just announced he invested over 75% of the total money he raised, so over \u20ac800M. Let's have a look at where the money went into.\r\n\r\n\r\n\r\nNeil Woodford is a legendary British Biotech investor who opened a new mega \u20ac1.1Bn Biotech fund, named Woodford Patient Capital Trust, last April 2015. It is the biggest UK trust ever,\u00a0outpassing\u00a0the previous record of \u20ac750M (\u00a3549M) hold by Mercury European Privatisation.\r\n\r\nWoodford didn't wait to deploy the money, with already a lot of\u00a0small and large investments within the 4 months after opening.\r\n\r\nWe covered several news here, as for example his investments in the Stem-cell therapy Biotech ReNeuron, in Oxford Sciences Innovation with Google Ventures, in PsiOxus, and of course in Immunocore's monster \u20ac293M round (the second biggest worldwide after Moderna!!).\r\n\r\n\r\n\r\nWoodford also made other investments:\r\n\r\n \t4D Pharma,\u00a0Vernalis, Xeros, Circassia, Imperial Innovations, \u00a0(all UK-based),\r\n \tLater-stage and publicly listed companies such as GSK and AstraZeneca,\r\n \tProthena, Northwest Biotherapeutic, and Alkermes, (all US-based companies).\r\n\r\nWith his last investments, Woodford has shown that he shares the\u00a0high enthusiasm\u00a0of the US-based investors for new cancer therapies even if, in his own opinion,\u00a0"this has led to several US biotech stocks trading on bubble-like valuations" and his\u00a0investments being considered as "significantly undervalued by the market".\r\n\r\nOverall, the situation is already good as\u00a0"the company\u2019s net asset value has moved forward modestly". The good results being brought by early-stage Biotech companies whereas\u00a0GlaxoSmithKline and AstraZeneca have shown short-term share price weakness. Woodford is also\u00a0"very excited by the long-term potential that [his portfolio companies] collectively represent" and "very positive about the portfolio\u2019s ability to deliver outsized long-term returns to investors".\r\n\r\nIn short, a lot of optimism, which leads Neil Woodford to plan the issue of new shares over the next year to raise an extra\u00a0\u00a380 million (\u20ac112m) and to continue empowering the momentum over Biotech companies in Europe.