California Biotech Insights

February 27, 2025
February 25, 2025
Recent Funding: Perceive Pharma (SF) Closes $15M Series A to Advance Small Molecule Neuroprotective Therapies for Glaucoma Perceive Pharma, a spinout from Perceive Biotherapeutics, secured $15M in Series A funding from Deerfield Management, J&J Innovation, GV, and others to develop small-molecule neuroprotective treatments for glaucoma and additional diseases. Lead candidate PBI-671 aims to address glaucoma-related […]
February 18, 2025
Recent Funding: Prebys Ventures Launches $50 Million Impact Fund to Support San Diego’s Life Sciences & Tech Startups A $50 million investment fund focused on advancing innovation in San Diego, particularly in early-stage life sciences companies, aligning with the Prebys Foundation’s mission in health, research, and innovation. Mike Krenn, CEO of Connect San Diego, will […]
February 11, 2025
Recent Layoffs Viracta Therapeutics (SD) to Cease Operations, Lays Off Entire Workforce Viracta Therapeutics, a clinical-stage precision oncology company focused on the treatment and prevention of virus-associated cancers that impact patients worldwide, announced today that the Company has terminated its employees and will wind down operations and lay off all 16 employees. The company seeks […]
February 4, 2025
Recent Funding: Blackstone (NY) Raises Multi-Billion-Dollar Life Sciences Fund for Biotech Investments Blackstone is raising another life sciences fund, targeting at least $5 billion, following its previous 2020 fund. Initial closings have already secured $1.6 billion. The firm continues its strategy of large-scale investments, backing late-stage programs such as Moderna’s flu vaccines ($750M), Alnylam’s RNAi […]
January 29, 2025