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Biopharma | News, Analysis, Insights - HIT Consultant

Mission Bio Lands $70M to Expand Cancer Therapies With Single-Cell Multi-Omics Platform

by Jasmine Pennic 08/13/2020 Leave a Comment

Mission Bio Lands $70M to Expand Cancer Therapies With Single-Cell Multi-Omics Platform

What You Should Know: - Mission Bio raises $70 million in Series C funding led by Novo Growth to accelerate the development of cancer therapies with single-cell multi-omics. - Mission Bio’s Tapestri Platform, the first single-cell platform capable of detecting DNA and protein changes simultaneously, gives a profound insight into the mutations that drive disease to accelerate the development of novel treatments and save patient lives.  Mission Bio, Inc., a South San Francisco,
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Reify Health Raises $30M to Fix The Broken Clinical Trial Ecosystem

by Fred Pennic 08/12/2020 Leave a Comment

What You Should Know: - Reify Health, a clinical trial software provider that digitizes and accelerates clinical trials is announcing a $30 million series B funding round to support the company’s ambitious mission to fix the broken clinical trial ecosystem.   - The company’s platform, StudyTeam systematically eliminates redundant work across the clinical trial process while generating novel insights that speed up trials. StudyTeam harmonizes biopharma and research
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Moderna Leverages AWS Cloud Platform to Develop New Class of Vaccines and Therapeutics

by Jasmine Pennic 08/06/2020 Leave a Comment

Moderna Leverages AWS Cloud Platform to Develop New Class of Vaccines and Therapeutics

What You Should Know: - Moderna, Inc., a biotechnology company pioneering a new class of messenger RNA (mRNA) medicines, has selected Amazon Web Services (AWS) as its preferred cloud provider, as well as its standard for analytics and machine learning workloads. - By building and scaling its operations on AWS, Moderna is able to quickly design research experiments and uncover new insights, automate its laboratory and manufacturing processes to enhance its drug discovery
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Paige Lands Additional $20M for AI-Native Digital Pathology Ecosystem

by Fred Pennic 07/13/2020 Leave a Comment

Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem

What You Should Know: - Paige secures an additional $15M from Goldman Sachs totaling $20M to close out a total Series B funding round of $70M for its AI-native digital pathology ecosystem. - The company’s continued product portfolio of innovation in telepathology and digital diagnostics accelerated by further investment. Paige, an NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it received an additional $15M from
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Scripps Research, Repurpose.AI Partner to Develop COVID-19 Therapeutics

by Fred Pennic 07/10/2020 Leave a Comment

Scripps Research, Repurpose.AI Partner to Develop COVID-19 Therapeutics

What You Should Know: - Repurpose.AI, has partnered with Scripps Research to discover drug candidates that may be repurposed to treat COVID-19.  - The partnership will leverage Repurpose.AI's ActivPred AI Drug Discovery Platform, an unbiased drug, target, and disease agnostic digital chemistry engine, to discover drug candidates to treat COVID-19.  Scripps Research is teaming up with Repurpose.AI, an AI drug discovery company to develop COVID-19 therapeutics. The
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Eliminating the Long, Cumbersome and Costly Diagnosis of Genetic Diseases

by Christine Stanley, Ph.D.,Chief Director of Clinical Genomics for Variantyx 07/01/2020 Leave a Comment

Eliminating the Long, Cumbersome and Costly Diagnosis of Genetic Diseases

The answer to questions about human disease can be found in our genes. The difficulty in the past has been the testing process, a sort of trial and error approach of drilling down into the multitude of variants that can be found within the genes, variants that when analyzed in tandem with detailed clinical histories can actually tell the story and lead to a faster diagnosis. Human beings carry around 20,000 genes and, of those, approximately 5,000 are somewhat understood, and those genes can
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BrightInsight Raises $40M for Regulated Digital Health Platform for Biopharma & Medtech

by Fred Pennic 06/23/2020 Leave a Comment

BrightInsight Raises $40M Regulated Digital Health Platform for Biopharma & Medtech

What You Should Know: - BrightInsight, provider of the leading global regulated digital health platform for biopharma and medtech, today announced a Series B funding round of $40 million, led by global venture capital and private equity firm, Insight Partners. - Already the partner of choice to four global pharmaceutical leaders—AstraZeneca, Roche, CSL Behring, and Novo Nordisk—the Series B financing will enable BrightInsight to speed up hiring, expand its global footprint and add
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MD Anderson, Philips Partner on Personalized Oncology Treatments, Clinical Trial Matching

by Fred Pennic 06/16/2020 Leave a Comment

Philips and MD Anderson collaborate to facilitate personalized oncology treatments and clinical trial matching based on genomic markers

What You Should Know: - Philips and MD Anderson collaborate to facilitate personalized oncology treatments and clinical trial matching based on genomic markers. - Philips connects oncologists and pathologists around the world to MD Anderson’s Precision Oncology Decision Support (PODS) system of actionable clinical information Philips and The University of Texas MD Anderson Cancer Center today announced a collaboration to provide oncologists with evidence-based therapy and clinical
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Foundation Medicine Acquires Precision Oncology Company Lexent Bio

by Fred Pennic 06/12/2020 Leave a Comment

Foundation Medicine Acquires Precision Oncology Company Lexent Bio

What You Should Know: - Foundation Medicine acquires Lexent Bio, a precision oncology company developing novel liquid biopsy platforms. - The acquisition will accelerate Foundation Medicine’s liquid biopsy R&D and advance cancer care through an expansion of multiomics capabilities.  Foundation Medicine, Inc., announced that it has completed the acquisition of Lexent Bio, Inc., a precision oncology company located in California, developing novel multiomics liquid biopsy platforms
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Intravacc, EpiVax Team Up in Development of COVID-19 Emerging Vaccine

by Jasmine Pennic 06/02/2020 Leave a Comment

Intravacc, EpiVax Team Up in Development of COVID-19 Emerging Vaccine

What You Should Know: - Combines Intravacc's unique OMV delivery platform with synthetically produced COVID-19 epitopes from EpiVax' immunoinformatics toolbox - Goal is to generate safe and effective adaptive immunity against SARS-CoV-2 and related coronaviruses - Clinical studies anticipated to start in Q4 2020 Intravacc, one of the world's leading translational research and development vaccine institutes, with an extensive track record in developing viral and
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