What You Should Know:
- Absci Corporation, a leader in generative AI drug creation, today announced a strategic collaboration with Memorial Sloan Kettering Cancer Center (MSK) to develop up to six novel cancer therapeutics.
- By combining Absci’s AI platform with MSK’s renowned cancer research expertise, the partnership aims to accelerate the discovery and development of new treatments for this devastating disease.
Absci's Integrated Drug Creation Platform
Absci's Integrated
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Life Sciences | News, Analysis, Insights - HIT Consultant
SVB Report: 2024 Mid-Year Healthcare Investments and Exits
What You Should Know:
- The healthcare venture capital landscape experienced a resurgence in the first half of 2024, according to a new report from Silicon Valley Bank (SVB). Despite ongoing economic challenges, 89% of US VC funds exceeding $25M successfully met their fundraising targets.
- The report, "2024 Mid-Year Healthcare Investments and Exits," delves into venture capital activity across the healthcare sector, including biopharma, healthtech, medical device, and
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Trialbee & Belong.Life Partner to Increase Clinical Trial Awareness and Enrollment
What You Should Know:
- Trialbee, the global leader in technology-driven patient recruitment for clinical trials, is launching an Omnichannel Network partnership with Belong.Life, a leading global provider of disease-specific AI-powered patient education and support solutions, to identify and connect qualified patients with clinical research.
- Through this partnership, Trialbee and Belong.Life will streamline the recruitment process and introduce clinical research to millions of
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Pangea Biomed Partners with Hadassah to Develop Cancer Treatment
What You Should Know:
- Pangea Biomed, the startup behind the world’s most advanced cancer response predictor, ENLIGHT, is announcing a strategic collaboration with the Sharett Institute of Oncology and Hadassah Cancer Research Institute (HCRI) at the Hadassah University Hospital Ein-Kerem and Ultima Genomics, the developer of a revolutionary architecture for high-throughput genomic sequencing.
- This partnership aims to enhance the accuracy and effectiveness of solid tumor cancer
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Physicians Reveals GLP-1s for Weight Loss are Overprescribed and Unsustainable
What You Should Know:
- A large majority of physicians feel GLP-1s are being overprescribed, according to a new survey from Virta Health, a leader in type 2 diabetes reversal.
- The Virta Health survey was conducted in partnership with Beresford Research and included 300 primary care providers, endocrinologists, and obesity specialists across the United States sheds light on the medical community's views on the rapidly growing class of GLP-1 medications, often hailed as
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Seqera Acquires Tinybio to Democratize Access to AI-Powered Bioinformatics
What You Should Know:
- Seqera, a provider of scientific data analysis for life sciences and creator of Nextflow, announced the acquisition of Tinybio, a rising tech-bio startup specializing in AI-powered bioinformatics tools.
- The acquisition reinforces Seqera's commitment to building a robust online platform that empowers scientists with cutting-edge resources. Financial details of the acquisition were not disclosed.
Bridging the Gap Between Scientists and
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venBio Raises $528M for Fifth Life Sciences Fund
What You Should Know:
- venBio, a leading life sciences venture capital firm, announced the successful closing of its fifth fund, venBio Fund V, with over $528M in capital commitments.
- The new fund will focus on investing in biopharmaceutical companies developing innovative treatments for unmet medical needs.
venBio Fund V Focus
With a strong track record of successful investments in companies such as Labrys Biologics, Aragon Pharmaceuticals, and Seragon
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Outpace Bio Secures $144M for AI-Powered Cell Therapy Platform
What You Should Know:
- Outpace Bio, a pioneering cell therapy company raises $144M in oversubscribed Series B financing round led by RA Capital Management with participation from both new and existing investors, including Qatar Investment Authority, Surveyor Capital, Sheatree Capital, Black Opal Ventures, Alexandria Venture Investments, and several others. Outpace has now raised a total of approximately $200M to date.
- Jake Simson, Partner at RA Capital Management, will join
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Labcorp and Ultima Genomic Partner to Advance Whole Genome Sequencing for Cancer Research
What You Should Know:
- Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, today announced an expanded collaboration with Ultima Genomics to utilize its UG 100TM sequencing solution and ppmSeqTM technology to explore new whole genome sequencing (WGS) clinical applications, including molecular residual disease (MRD) in patients with early-stage solid tumor cancers.
- Labcorp recently introduced Labcorp® Plasma Detect™, the first clinically validated,
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OM1 Supporting Alzheimer’s Research and Care w/Expanded Dataset
What You Should Know:
- OM1, the leader in real-world insights synthesis and evidence generation for life sciences supporting population and personalized data insights, evidence generation through advanced validated AI platforms, big deep clinical data, registries, and globally recognized thought leadership today announced the new release of its Alzheimer’s disease PremiOM dataset.
- OM1 combines multiple real-world data sources – including specialists’ electronic medical records (EMR),
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