2017 gets started with a bang as we get a glimpse of the good, the bad and the ugly
Endpoints assesses the big biopharma R&D stories of the week, with a little added commentary on what they mean for the industry.
Pre-JPM biotech news burst underscores a strong start to 2017, for the private side
Brad Loncar noted on Twitter earlier today that there’s been a dearth of public biotech news ahead of the big JP Morgan confab next week. But the private side has been anything but quiet. Case in point: George Scangos quick pivot from CEO at Biogen to chief of a startup called Vir Biotechnology. Arch has already committed $150 million in backing, and Gates and others will add hundreds of millions more. The news, alongside a blast of new developments that dominated this short work week, underscores that the funding side in biotech remains active, even as public biotechs continue to face a difficult and unforgiving market. We count that as a glass more than half full, which is a good way to start the year.
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