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xMD Diagnostics, Inc. Awarded Competitive Innovation Grant from the National Science Foundation to Fund Coronavirus Precision Medicine Project

BioTech 365

Awarded Competitive Innovation Grant from the National Science Foundation to Fund Coronavirus Precision Medicine Project xMD Diagnostics, Inc. xMD Diagnostics, Inc.

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Neumora raises funds for precision neuro therapies development

Pharmaceutical Technology

Neumora Therapeutics has raised $112m in a Series B financing round to advance its new precision medicine candidates pipeline for neuropsychiatric disorders and neurodegenerative diseases. The company also intends to use the funding to develop its precision neuroscience platform.

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Danaher and University of Pennsylvania partner for cell therapies

Pharmaceutical Technology

Global science and technology innovator Danaher has entered a strategic collaboration with the University of Pennsylvania for cellular immunotherapies to address manufacturing challenges impacting cell therapy uptake. The new technologies will also overcome the manufacturing bottlenecks in delivering advanced engineered cell products.

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Merck agrees to acquire Prometheus Biosciences for $10.8bn

Pharmaceutical Technology

Prometheus Biosciences uses precision medicine to discover, develop and commercialise new therapeutic and companion diagnostic products to treat immune-mediated diseases. Merck has signed a definitive agreement to buy clinical-stage biotechnology firm Prometheus Biosciences for $10.8bn, strengthening its immunology pipeline.

Engineer 262
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Glasgow innovation hub sets the scene for new life sciences cluster

Drug Discovery World

The University of Glasgow and Kadans Science Partner, supported by Scottish Enterprise, have announced plans to construct a new Health Innovation Hub in Govan in Glasgow. It is hope that the new centre, which is due for completion in summer 2025, will set the stage for a thriving life sciences cluster in the area.

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BioMed X and Sanofi partner to leverage AI for drug development

Pharmaceutical Technology

This team will focus on creating a versatile computational platform that can precisely forecast the first-in-class drug candidates’ efficacy in virtual patient groups. For the project, deep datasets and capabilities of Sanofi will be leveraged to potentially transform the practice of medicine using digital data and AI.

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Verix boosts life science AI capabilities with start-up.ai acquisition

Pharmaceutical Technology

for an undisclosed sum, boosting its life science AI capabilities. The deal enables Verix to further improve its capacities to use AI to advance the brand growth of life science companies. Verix states that it leverages AI to provide more in-depth, precise data on the market more quickly and at a lower cost. start-up.ai