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Biotech Insights

Biotech Leader Spotlight
Javier San Martin, CMO at LeonaBio

October 14, 2026

Javier San Martin is the CMO of LeonaBio, a late clinical-stage biopharmaceutical company dedicated to the development of novel therapeutics for diseases with high unmet medical needs, including treatment-resistant metastatic breast cancer and amyotrophic lateral sclerosis (ALS). Dr. San Martin joined LeonaBio from Arrowhead Pharmaceuticals, where he served as Chief Medical Officer and guided development teams to advance that company’s RNAi-based therapeutics in the metabolic and liver disease area. Prior to Arrowhead, he served as Senior Vice President and Head of Global Clinical Development at Ultragenyx Pharmaceutical, where he led the development of Crysvita® (burosumab-twza), the first drug approved to treat the rare, inherited disease of x-linked hypophosphatemia. Before that, Dr. San Martin served as Senior Vice President of Clinical Development at Alder Biopharmaceuticals, where he managed medical, regulatory, and clinical operations. Earlier, he led two major development programs as Global Development Leader for Amgen’s Bone Therapeutic Area and directed the anti-sclerostin antibody clinical program Eventiy® (romosozumab-aqqg) through the end of Phase 2 and was responsible for development and approval of Prolia® (denosumab) for the treatment of postmenopausal osteoporosis. Prior to Amgen, Dr. San Martin spent seven years at Eli Lilly working on Phase 3b and Phase 4 clinical trials to support the successful launch and medical affairs activities for Evista® and Forteo®.
Biotech Leader Spotlight
Niren Shah, CEO & Co-Founder of Cove Therapeutics

October 8, 2026

Niren Shah is the CEO and Co-Founder of Cove Therapeutics, a biotechnology company developing non-viral gene therapies for disorders of the eye, beginning with Stargardt disease. His career spans more than 15 years across biotech leadership, business development, investor relations, medical affairs, and clinical research. Prior to founding Cove in 2021, Niren served as VP/Head of Business Operations and Chief of Staff at Taysha Gene Therapies and held several leadership roles at PTC Therapeutics across strategic partnerships, business development, and investor relations. Earlier in his career, he worked in medical affairs at NPS Pharma and Novartis and began his career in clinical research and academia, serving as an investigator on Phase II–IV clinical trials and as a Clinical Assistant Professor at the University of Florida College of Pharmacy. Niren also serves as an advisor or board member to venture firms, biotech companies, and has previously owned a pair of restaurants which were acquired in 2014. 
Biotech Market Update
ADARx prices upsized $446.3M IPO, FDA approves Mirum’s rare bone disorder drug

September 29, 2026

M&A, Deals, Partnerships: Genentech (SF) Inks Up-to-$1.5B Bispecific Antibody Pact with Earendil Labs Genentech is paying $55M upfront, with up to $1.445B in development, regulatory and sales milestones plus tiered royalties, for a research collaboration on AI-designed bispecific antibodies against pre-agreed oncology target combinations. Earendil leads antibody discovery and early clinical research; Genentech takes over […]

Biotech Market Update
Electra closes $350M IPO, Iambic signs AI drug-discovery pact with AbbVie, Circle Pharma raises $92.5M Series E

September 22, 2026

Recent Funding: Circle Pharma (SF) raises $92.5M Series E for first-in-class cyclin D1 program Closed an oversubscribed $92.5 million Series E led by The Column Group, with RA Capital, Nextech, Euclidean and Eli Lilly participating. Funds advance CID-165, an oral macrocyclic cyclin D1 inhibitor, toward a Q1 2027 clinical start in ER-positive breast cancer. M&A, […]

Biotech Market Update
Frazier closes ~$1.1B biotech fund, Encoded closes $275M Series F, Kura Oncology launches Caspian Therapeutics

September 15, 2026

Recent Funding: Encoded Therapeutics (SF) closes $275M Series F for Dravet syndrome gene therapy   Closed a $275 million Series F backed by GV, ARCH Venture Partners, SoftBank Vision Fund 2 and others to fund a pivotal study of ETX101, its gene therapy for SCN1A-positive Dravet syndrome in infants and young children. Proceeds also scale internal […]

Biotech Market Update
ARCH Venture Partners targets $3 Billion raise for latest Fund, ADARx aims for IPO, Ionis wins FDA clearance

September 8, 2026

Recent Funding: Moonwalk Biosciences (SF) Raises $70M Series B to Test siRNA Obesity Treatment The genomic biotech closed a $70 million Series B co-led by Alpha Wave and YK Bioventures, with Eli Lilly, Gaorong Ventures, ARCH Venture Partners, Khosla Ventures and Future Ventures participating. Proceeds will move lead obesity candidate MW101 — an adipose-targeted RNAi […]