Top news of the week: 25.03.2021.
Startups
SEC charges co-founders of shuttered microbiome startup uBiome with $60 million fraud
The SEC alleged uBiome's co-founders touted the its work "while hiding the fact that the company's purported success depended on deceit."
Biotech's top 10 money raisers of 2020
Private biopharma companies raised nearly $20 billion in 2020, blowing past the record $17.9 billion set in 2018. Here are the top 10 fundraising rounds, which include some "truly ...
Zimmermann replaces ex-Roche pRED chief as Inotrem CEO
Inotrem has named Sven Zimmermann as CEO. Zimmermann joins the inflammatory disease biotech after overseeing a series of deals at former employers including Novimmune’s asset sale to Sobi ...
SEC Charges Microbiome Startup uBiome’s Cofounders With Defrauding Investors For $60 Million
Jessica Richman and Zachary Apte were charged Thursday for failing to disclose significant issues related to the company's insurance billing practices.
Federal Grand Jury Indicts uBiome Cofounders On Criminal Fraud Charges
On Thursday, a Federal grand jury indicted biotech startup uBiome’s cofounders Jessica Richman and Michael Apte with multiple charges related to defrauding insurance companies and investors.
Fujifilm takes its CDMO power play to the Tarheel State with plans for $2B plant
In Holly Springs, North Carolina, Fujifilm will invest more than $2 billion to build the largest cell culture biopharmaceutical CDMO facility in North America.
Fujifilm Diosynth Plans $2B Cell Culture Facility in Holly Springs, NC
Two months after announcing plans to build a $2 billion cell culture manufacturing facility in the United States, Fujifilm has finally revealed the location—Holly Springs, NC, a 25-minute ...
The former scientific head of Trump's vaccine push is facing a sexual-harassment claim from his time at pharma giant GSK
GSK said that it had substantiated the allegations against Moncef Slaoui and that the investigation is ongoing.