→ Guilford, CT-based LAM Therapeutics raised a $58 million C round for its work on new drugs for cancer and rare diseases. “This week’s Bert Vogelstein paper in Science showed us that next-generation sequencing and math can help us to understand cancer,” said Jonathan Rothberg, a LAM co-founder and the recipient of the National Medal of Technology for inventing next-generation sequencing. “Sequencing coupled with deep learning is going to enable us to cure cancer.”
→ Make no mistake about it. Regeneron chief scientist and co-founder George Yancopoulos thinks it would be nuts to cut NIH funding. “Do you pray for an iPhone?” Yancopoulos said, according to a report in Bloomberg. “God forbid, I’ve had situations with my parents, my loved ones, my children, when they have a serious disease, that’s when we pray, and that’s why as a society, we have to make some decisions about what to invest in.”
→ Foundation Medicine will put its genomics platform to work for Bristol-Myers Squibb, identifying predictive biomarkers such as Tumor Mutational Burden and Microsatellite Instability in patients enrolled across clinical trials investigating the biopharma company’s cancer immunotherapies.
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