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Startup Trucode Nabs $34 Million to Support Next-Generation Gene-Editing Technology

Trucode Gene Repair Inc. emerged from stealth mode with $34 million in financing to bolster the biotech startup’s triplex gene-editing technology.

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Invest with an Option to Buy: Bristol-Myers Squibb Partners with Accelerator BioMotiv

Bristol-Myers Squibb has partnered with biotech accelerator BioMotiv. Bristol-Myers will become a limited partner of BioMotiv, investing in projects of mutual interest, with an option to buy the new companies that are funded and formed once there is a preclinical candidate.

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Pfizer invests $500 million in expanding gene therapy facility

Pfizer Inc. is investing $500 million to expand a manufacturing facility in Sanford, North Carolina, that plays a central role in the company’s efforts to become a major player in gene therapy.

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New Campaign Focuses on Fighting Superbugs

Leading scientists, public policy experts and biotech industry leaders joined forces to launch “Working to Fight AMR,” a coalition working to raise public awareness of the growing threat posed by antimicrobial resistance.

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Bayer buys BlueRock in $600 million bet on stem cell therapies

German drugmaker Bayer is paying up to $600 million for full control of cell therapy developer BlueRock Therapeutics.

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Gemphire Therapeutics and NeuroBo Pharmaceuticals Announce Merger Agreement to Advance a Neurodegenerative Disease Company

Clinical-stage biopharmaceutical company Gemphire Therapeutics Inc. and privately held clinical-stage biotechnology company NeuroBo Pharmaceuticals Inc. jointly announced a definitive agreement whereby NeuroBo will merge with a wholly owned subsidiary of Gemphire in an all-stock transaction.

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Freenome Secures $160 Million to Advance Cancer Detection Blood Test

Freenome snagged $160 million in Series B financing to support the development of the company’s early cancer detection blood test.

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Martin Shkreli Loses Criminal Conviction Appeal

Martin Shkreli will continue to reside in federal prison after the notorious “Pharma Bro” failed to win an appeal to his 2017 criminal conviction for securities fraud and conspiracy to commit fraud.

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China Has Big Presence in Top 10 Biotech IPOs in 2019

New rules went into effect during 2018 on the Hong Kong stock exchange allowing companies that did not have a product on the market or generate revenue to list on the exchange.

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Despite IPO Rumors, BioNTech Closes Upsized Series B Worth $325 Million

Mainz, Germany-based BioNTech – which was recently believed to be maneuvering for an initial public offering – instead raised $325 million in a Series B financing round, one of the largest single private funding rounds for a biotechnology company in European history.

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