Finance

Theravance to Lay Off 75% of Employees Alongside Larger Restructuring

September 16, 2021

Dive Brief: Theravance Biopharma plans to lay off an estimated 270 employees, or roughly 75% of its workforce, in a bid by its leadership to reduce costs during a major shift at the company. Around three-fourths of the layoffs are slated for November, with the rest expected in February. Theravance says the reduced headcount will […]

Neuroglee Therapeutics Closes Series A Round to Advance Virtual Care and Digital Therapies for Alzheimer’s Disease Treatment in the Home

September 9, 2021

Neuroglee Therapeutics Closes Series A Round to Advance Virtual Care and Digital Therapies for Alzheimer’s Disease Treatment in the Home $10 million funding round led by Openspace Ventures with participation from EDBI will fuel first-in-class virtual neurology clinics   Neuroglee and Mayo Clinic to co-develop Neuroglee ConnectTM – a remote care management platform and virtual […]

Meet Altos Labs, Silicon Valley’s Latest Wild Bet on Living Forever

September 8, 2021

Funders of a deep-pocketed new “rejuvenation” startup are said to include Jeff Bezos and Yuri Milner. by Antonio Regalado Last October, a large group of scientists made their way to Yuri Milner’s super-mansion in the Los Altos Hills above Palo Alto. They were tested for covid-19 and wore masks as they assembled in a theater […]

AbelsonTaylor Promotes Donald Dowd to Vice President of Finance

August 9, 2021

CHICAGO, Aug. 9, 2021 – Citing his wide-ranging business skills and significant contributions to the agency, AbelsonTaylor has promoted former controller Donald Dowd to vice president of finance. He joined AbelsonTaylor in 2006 and has more than 25 years of agency and corporate financial experience. Dowd will work with senior managers to optimize financial decision-making […]

A Biotech Startup Raises $117M to Deliver Gene Therapies in a New Way

July 29, 2021

Dive Brief: Ring Therapeutics, a startup developing a new method to deliver gene therapy products, has raised $117 million in a Series B financing. The startup creator that formed Moderna, Flagship Pioneering, is also the founding investor for Ring. Flagship participated in the Series B round alongside other firms including Invus, Altitude Life Science Ventures, […]

Samsung Biologics Reports Strong Second Quarter 2021 Financial Results

July 28, 2021

  Q2’21 revenue of KRW 412.2 billion increased 34% compared to Q2’20. Q2’21 operating profit of KRW 166.8 billion increased 105.7% compared to Q2’20. Stable business operations and a high utilization rate across all plants Continuous investments to deliver the company’s future growth plans   Incheon, S. Korea, July 27, 2021 – Samsung Biologics (KRX: […]

Pierre Faddoul joins Austrianova Management as CFO

July 12, 2021

Austrianova (the SG Austria group, Austrianova Singapore and Austrianova Thailand) is delighted to announce the appointment of Pierre Faddoul to the Austrianova management team as the company’s new Chief Financial Officer (CFO). Austrianova’s previous CFO, Louise Bussieres, will continue to be engaged in an advisory capacity. Pierre, who is based in Singapore, received an MBA from […]

Tension Builds at GlaxoSmithKline as Activist Investor Elliott Plots CEO Walmsley’s Removal, Vaccine Split: FT

June 24, 2021

Tension is building at GlaxoSmithKline in the run-up to a closely watched investor day scheduled for Wednesday. While CEO Emma Walmsley is slated to lay out her plan for a “new GSK,” her very position at the company may come under question. Activist investor Elliott Management has been able to rally some support for a […]

Strand Therapeutics Raises $52M in Oversubscribed Series A Round

June 24, 2021

–– Strand is developing the first platform for programmable, long-acting mRNA therapeutics — Financing oversubscribed; proceeds from the round will be used to expand Strand’s growing mRNA platforms into multiple immuno-oncology and disease settings, and advance lead drug into Phase 1 clinical trials CAMBRIDGE, Mass.–(BUSINESS WIRE)–Strand Therapeutics, a privately held developer of next-generation, programmable mRNA […]

Apollo Therapeutics Completes $145 Million Financing Led by Patient Square Capital to Expand and Advance Portfolio-Based Drug Development

June 17, 2021

Proceeds to support rapid advancement of pipeline with over 15 therapeutic programs currently in development across oncology, major inflammatory disorders and rare disease · Company to expand with U.S. operations in Boston area and pursue collaborations globally with leading academic institutions CAMBRIDGE, England–(BUSINESS WIRE)– Apollo Therapeutics, a portfolio-based biopharmaceutical company rapidly advancing potentially transformative treatments […]

Axtria Secures $150 Million Growth Investment from Bain Capital Tech Opportunities

May 27, 2021

BERKLEY HEIGHTS, N.J., May 13, 2021 /PRNewswire/ — Axtria, a global cloud software and data analytics provider that helps life sciences businesses bring therapeutics to market faster, today announced that it has received a $150 million growth investment from Bain Capital Tech Opportunities. The funding will enable Axtria to consolidate its strong position in cloud […]

Virtual Seminar: The Veterinary Drug Approval Process and FDA Regulatory Oversight

May 17, 2021

This three-day interactive seminar will provide attendees with an understanding of FDA’s veterinary drug approval process. The group size is small, generally between 8 and 20 people, with plenty of opportunities to ask questions and discuss issues or challenges that the attendees have experienced.

SaaS Provider DrFirst Lands $50M to Grow its Business

May 13, 2021

Healthcare SaaS provider DrFirst collected an additional $50 million equity investment from Sixth Street Growth, following the firm’s $35 million investment from last year. Between Six Street Growth’s contributions and another $50 million from Goldman Sachs Growth, DrFirst has raised $135 million in the past year alone. In addition to its investment, Sixth Street Growth […]

Webcast: Bio/Pharma CFO Webcast Series – Digital Week

April 24, 2021

The CFO Digital Week offers life science professionals engaging content, daily live sessions, access to on-demand videos, free CPE Credits, and opportunities to interact with the community through live polling and Q&As. This 3-day webcast series facilitates year-round engagement and access to the industry thought leaders on the topics most relevant to you. To learn […]

Adagio Raises $336 Million to Support Development of COVID-19 Antibody Candidate

April 22, 2021

Adagio Therapeutics announced today it has completed a $336 million Series C financing round, which the company says will support the advancement of its lead coronavirus disease 2019 (COVID-19) monoclonal antibody candidate ADG20. The new financing round was led by RA Capital Management, in tandem with new investors Redmile Group, Federated Hermes, Foresite Capital, ArrowMark […]

Women’s Digital Health Startups Reap Record VC Funding on Covid Surge

April 22, 2021

The pandemic pushed more health services online, creating opportunities to reach a market long-ignored by investors. Once considered too niche or risky by the venture capital community, women’s health startups have seen a surge in investments as the Covid-19 pandemic pushed more services online. Funding for women-focused digital-health startups rose 105% last year to $418 […]

Carepayment Patient Financing Now Available in Epic App Orchard Marketplace With New MyChart Integration

April 20, 2021

(NASHVILLE, Tenn.) – April 14, 2021 – CarePayment, a leading patient financing company offering a 0.00% APR solution to help patients pay for their healthcare, is now available through Epic’s App Orchard marketplace to help providers deliver a seamless financial experience for patients through MyChart. CarePayment has implemented with more than 100 hospitals and health […]

Virtual Event: Streamlining Clinical Trial Activations – Best Practice Approach

April 16, 2021

This course focus on creating efficiencies, synergies and effective best practices that will improve a health systems activation timelines thus making them a very attractive partner for pharmaceutical companies.

Virtual Event: Medicaid & Government Pricing Congress

April 16, 2021

Hear from Leading GP Experts on MDRP Trends and Strategies and the Impacts from the Change to a New Administration

Six Questions with Investor Braeden Lichti

March 25, 2021

I recently caught up with Braeden Lichti, a Canadian investor and co-founder of a private investment firm that has launched several healthcare companies, to ask him about how he got his start. As an investor, his main focus is the life sciences sector. He has played a lead role in creating, sourcing, financing, and developing […]

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