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Mega Biotechs Are Taking Over Drug Industry, Boosting Valuations

iStock; Skye Gould/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. At least 6 biotech startups launched in the past year after creating or acquiring smaller ventures. These mega biotechs are fueled by record amounts of VC flowing into the drug industry. Insiders say they are priced for perfection and could fail to live up to their early valuations. To understand the hottest new trend in biotech, take a look at the firm Centessa Pharmaceuticals.  Centessa was formed just seven months ago by the life-sciences venture-capital firm Medicxi, which fused together 11 startups. These startups likely would have been harder to finance as independent entities, said Perceptive Advisors Chris Garabedian and another venture capitalist who was not authorized to speak to the media (Neither had inside knowledge of the deal, and both said their assessment was bas

Philanthropy-Backed Accelerator Advances Cancer Therapies

April 15, 2021 by Office of Communications Three teams receive awards from the Dartmouth Innovations Accelerator for Cancer. Project Leads for the team winning the top award are, from left, Arti Gaur, assistant professor of neurology at Geisel; Divya Ravi, Guarini ’24, and Jordan Isaacs, Guarini ’24, both PhD students in the Cancer Biology Program. (Photo by Kata Sasvari) PreviousNext Three teams of Dartmouth researchers have been selected to receive the first awards from the Dartmouth Innovations Accelerator for Cancer. A philanthropy-funded initiative, the Accelerator was launched in 2020 by Norris Cotton Cancer Center and the Magnuson Center for Entrepreneurship to bring new cancer treatments to patients more quickly. So far, it has raised $3.3 million in philanthropic gifts and seeks to hit $5 million by June.

Philanthropy-backed accelerator advances cancer therapies

 E-Mail IMAGE: Project leads for the team winning the top award are, from left, Arti Gaur, assistant professor of neurology at Geisel; Divya Ravi, Guarini 24, and Jordan Isaacs, Guarini 24, both. view more  Credit: (Photo by Kata Sasvari Three teams of Dartmouth researchers have been selected to receive the first awards from the Dartmouth Innovations Accelerator for Cancer. A philanthropy-funded initiative, the Accelerator was launched in 2020 by Norris Cotton Cancer Center and the Magnuson Center for Entrepreneurship to bring new cancer treatments to patients more quickly. So far, it has raised $3.3 million in philanthropic gifts and seeks to hit $5 million by June.

Philanthropy-Backed Accelerator Advances Cancer Therapies

Philanthropy-Backed Accelerator Advances Cancer Therapies
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