In early 2022, secretive Altos Labs emerged with a sizable $3 billion launch to pursue anti-aging “cellular rejuvenation” amid rumors of Jeff Bezos’ backing. The company is the best-funded biotech in recent memory. But looking back to 2015 to present, the best funded company is Grail, which developed a multi-cancer early detection test but faced major…
Global biotech VC trends in Q1 2024
The first quarter of 2024 saw a flurry of funding activity in the biotech sector, with early-to-mid-stage companies attracting most of the investment dollars. Among the most notable late-stage deals was blood-based cancer diagnostics firm Freenome‘s $254 million Series E round. The South San Francisco-based company, which is developing a platform for early cancer detection…