Alphabet's Isomorphic Labs is in funding talks at a $40 billion valuation. Crypto Briefing put its prior mark near $17.5 billion, so the ask more than doubles the price of a drug designer that has yet to dose a patient.
Perspective Coverage
6 publishers
- Builder
- Builder 26%
- Operator
- Operator 17%
- Investor
- Investor 57%
Reality
- Evidence55
- Adoption25
- Hype gap+45
- Incentives55
- Confidence55
Novartis says it saw evidence of clinical activity in secondary and exploratory analyses it has not disclosed, while the drug missed its primary endpoint, an expert-rated video timing of hand opening. Shares fell 11% in Zurich.
Reality
- Evidence62
- Adoption
- Insufficient
- Hype gap+35
- Incentives60
- Confidence60
Telix is buying privately held ITM in a merger STAT puts at a minimum of $1.65 billion, with another $700 million payable only if ITM's lead drug clears regulators and meets sales goals. STAT says the deal follows a surprise FDA rejection.
Reality
- Evidence42
- Adoption
- Insufficient
- Hype gap+12
- Incentives58
- Confidence48
buildOne report1 publisher Life sciences head Eric Kauderer-Abrams confirmed the lab in a Reuters account, describing the split between in-house work and outside partners as ordinary biotech practice, while a spokesperson said the site is not there to discover drugs.
Reality
- Evidence42
- Adoption31
- Hype gap+28
- Incentives68
- Confidence46
Artisan Partners' David Samra is telling Novartis's chairman to rebuild the team that does its deals, after a week of three Phase III setbacks in which one of the drugs actually met its primary endpoint.
Reality
- Evidence66
- Adoption22
- Hype gap+28
- Incentives68
- Confidence62
MassBio's annual snapshot pairs a recovering VC, IPO and M&A market with a 39% fall in seed capital, a 6% drop in NIH awards and 3,605 lost jobs.
Reality
- Evidence61
- Adoption58
- Hype gap+12
- Incentives74
- Confidence63