Top news of the week: 09.02.2022.
Startups
'The music stopped': Biotech rout leaves drug startups grounded as demand slumps for IPOs
For the first time in years, biotechs no longer have an easy path onto Wall Street, a market reversal that could change what the next generation of young drugmakers looks like.
'Not afraid of not transacting': SPAC appetite sharply declines in larger battering of biotech stocks
Fewer biotechs are merging with special purpose acquisition companies as drug developers get more "realistic and pragmatic" about the market.
Al Sandrock, former top Biogen scientist, to join drug discovery startup's board
Sandrock's appointment to Verge Genomics' board of directors follows about a week after the executive took up a similar post with Voyager Therapeutics.
Arcellx raises $124M in Wall Street debut to bankroll study of multiple myeloma CAR-T
Cell therapy biotech Arcellx raised $124 million in its Wall Street debut, at the low end of its proposed range, to bankroll a phase 2 CAR-T BCMA therapy trial in patients with multiple ...
STAT to launch inaugural STATUS List, with leaders and influencers selected by expert panel
STAT to launch inaugural STATUS List, with leaders and influencers selected by expert panel
Good Day BIO: Why the ‘Cancer Moonshot’ might never take off
Busy Thursday, with updates on President Biden’s Cancer Moonshot, the possible extension of SBIR/STTR, and why National Women Physicians Day (today!) matters. (828 words, 4 minutes, 8 ...
Chutes & Ladders—Pfizer poaches Roche's early R&D leader Pao to replace development chief
Pfizer picks from Roche's executive team, snagging pharma early R&D leader William Pao as the Big Pharma's next chief development officer. Leo Pharma poaches from ... a Danish meme stock ...
New Benchmark Report from NIST, Baylor College of Medicine and DNAnexus Helps Provide Accurate Identification of Variants in Challenging Medically Relevant Genes
New Nature Biotechnology publication features a comprehensive benchmark dataset comprising 273 challenging medically relevant autosomal genes