California Biotech Insights

Biotech Market Update
Kriya raises $313M, Oric lays off 20%, Kumquat strikes $1.3B deal with Bayer

August 19, 2025

Recent Funding: Kriya Therapeutics (SF) Raises $313M to Advance Gene Therapy Pipeline Kriya Therapeutics secured $313 million in new funding, one of the largest private biotech financings of the year. The company is developing gene therapies for eye diseases, metabolic disorders (like MASH and type 1 diabetes), and neurological conditions including epilepsy. SRT Therapeutics (SD) […]

Biotech Leader Spotlight
Venkataraman Sriram, CSO of Foundery Biosciences

August 14, 2025

Venkataraman Sriram is an accomplished researcher with more than 15 years of biopharmaceutical research experience developing biological and small molecule therapeutics against tumor immunotherapy targets. Prior to joining Max and Michel in starting Foundery Biosciences, Sriram was an early employee at Pionyr Immunotherapeutics. At Pionyr, Sriram played a key role in building the research team. He also led the operational move from the incubator space to an independent facility and served as the nonclinical lead for the PY314 (anti-TREM2) program. Further, Sriram worked with a cross-functional team in filing Pionyr’s Pre-IND and IND regulatory documents. Before his time at Pionyr, Sriram worked at Gilead Sciences. Sriram established and successively led several immuno-oncology programs at Gilead Sciences and Merck. At Merck Research Laboratories (formerly the Schering-Plough Biopharma prior to its acquisition by Merck), Sriram also served as the cross-site pharmacology lead for all the immuno-oncology programs, including the anti-PD-1 antibody, Keytruda. Sriram received his Ph.D. in Biochemistry and Immunology from the University of Madras, India, and completed his post-doctoral training in immunology at the Indiana University School of Medicine.
Biotech Research Blogs
Radiopharma’s Moment: Highlights from the TRP Summit and Market Moves Shaping 2025

August 13, 2025

If 2024 was the spark, 2025 is the wildfire. Radiopharmaceuticals are no longer a niche segment in biotech—they’re at the forefront of innovation, investment, and strategic expansion. Fierce Pharma published a forecast at the start of 2025, projecting the radiopharma market to grow to $26.5B by 2031 (Insight Partners) or even $42B by 2032 (Fortune […]

Biotech Market Update
$1.86B OrbiMed Fund, Iovance and Poseida layoffs, 10x Genomics acquires Scale Bio

August 12, 2025

Recent Funding: OrbiMed Raises $1.86B for Growth-Oriented Healthcare Fund New fund will provide non-dilutive credit and royalty-based financing to biopharma, medtech, diagnostics, and healthcare services companies. More than 90% of commitments came from existing investors; recent biopharma investments include Renasant Bio and Verastem Oncology. Bill & Melinda Gates Foundation Commits $2.5B to Advance Women’s Health […]

Biotech Leader Spotlight
John Byon, CMO of Imugene Limited

August 7, 2025

Dr. Byon has extensive oncology drug development experience in the pharmaceutical and biotechnology industry. At Genentech, he worked on TecentriqÆ (atezolizumab) in hematological malignancies. For over the past 5 years, he has worked in the cell therapy space. First at Juno as the Global Development Lead for orvacabtagene autoleucel (JCARH-125) in Multiple Myeloma. Then at Lyell, working on next generation cell therapy products for solid tumors. Most recently, he was VP, Clinical Development Hematology at Fate Therapeutics, where he oversaw a portfolio of 5 iPSC-derived cell therapies (CAR-NK and CAR-T) in various hematologic malignancies (AML, MM, B-cell Lymphoma).
Biotech Market Update
Frazier Life Sciences $1.3B Fund, LTZ partners with Lilly, Actio Bio earns FDA Fast Track

August 5, 2025

Recent Funding: Frazier Life Sciences Closes $1.3B Fund to Launch and Back Early Biotech Companies Frazier Life Sciences raised $1.3B for its 12th venture fund, focused on creating and supporting early-stage private biopharma companies. The firm has helped launch 20 biotechs since 2020 and now manages over $3.6B across its venture funds. Equip (SD) Raises […]