LGBTQ+ leaders advance industry orgs
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Today's Rundown

Featured Story

MIT assistant professor alleges Sabatini 'coerced' her into sex, led 'highly sexualized lab'

In a counterclaim filing against MIT professor David Sabatini, his former mentee and Whitehead Institute colleague alleges he "coerced" her into sex and led a "highly sexualized" lab. She claimed his October filing, in which he alleged he was the victim, was a "frivolous lawsuit" riddled with conspiracies.

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Top Stories

Merck KGaA steps up VC activity with $677M investment, positioning M Ventures to keep pace with changing landscape

Merck KGaA is upping its commitment to corporate venture capital with a 600 million euro ($677 million) investment, positioning its VC arm M Ventures to up the number and size of its bets over the next five years.

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'Day job and a gay job': LGBTQ+ leaders in biopharma want those who look, talk and love like them to be seen and counted

Organizations for LGBTQ+ biopharma employees are popping up in Boston, San Francisco, New York, New Jersey, Dublin and elsewhere. Companies are also working to build up their internal networks as LGBTQ+ employees want to see those who look, talk and love like them.

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Newpath en route to backing a host of biotechs with $350M 2nd fund

Newpath will dole out the $350 million fund to bankroll startups from academic partners at Scripps, Harvard Medical School, Broad Institute, Columbia University and elsewhere. The venture shop will back up to another dozen biotechs after funding Chroma Medicine, Kojin Therapeutics and others.

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Fresh from $316M raise, Sotio inks Merck deal for Keytruda combo trial

Sotio Biotech has advanced its effort to become a major player in the solid tumor space. Days after raising $316 million, Sotio has unveiled a deal with Merck to use Keytruda in a clinical trial that is central to its plans for investing in the megaround. 

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Corbus poaches Takeda's oncology leader as it beefs up early-stage pipeline following 3 trial failures

With multiple mid- and late-stage failures of its only clinical-stage compound, Corbus Pharmaceuticals is attempting to move forward with earlier-stage assets it in-licensed this summer. So the biopharma hired Takeda oncology leader Rachael Brake as chief scientific officer to lead those efforts.

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OncoMyx nabs $50M to jump into the clinic with its rabbit pox virus cancer drug

In April, startup OncoMyx published some very early preclinical models showing its engineered rabbit pox virus could help against lung cancer; now, it's got off a $50 million funding round to take its big idea into the clinic.

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Avistone nabs $200M cancer platform funding drive from leading VCs as it combines with Pearl Biotech

Vivo Capital, Bain Capital and Primavera Capital have all come together to place a $200 million-plus bet on lung cancer startup Avistone Pharmaceuticals as it looks to join forces with fellow oncology company Pearl Biotechnology.

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Former FDA head Hahn takes helm of cancer blood test maker Harbinger Health

Similar to the technology being developed by fellow cancer-focused liquid biopsy developers Grail and Freenome, Harbinger’s platform will use machine learning and other artificial intelligence software to analyze a standard blood sample to detect biological indicators of cancer before symptoms arise.

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Shkreli's former company Vyera settles for $40M in antitrust case, but 'pharma bro' still faces his own trial

Vyera Pharmaceuticals has agreed to pay up to $40 million to settle charges that it engaged in anticompetitive practices to ward off generics and maintain “monopoly profits” from its more than 4,000% overnight price hike on the toxoplasmosis med Daraprim.

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Science 37's biopharma clients can test treatments in China, Russia months after expansion into Japan

With more resources in hand following its October Nasdaq listing, Science 37 has beefed up its presence in the Asia-Pacific region. The latest move sees the hybrid trials provider enter China and Russia.

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