California Biotech Insights

Biotech Market Update
SiteOne acquired by Eli Lilly, Boundless Bio runway extension, FDA employee layoffs

June 3, 2025

M&A, Deals, Partnerships: Juri Biosciences (SF) Signs Licensing Deal with EpimAb Biotherapeutics (Shanghai) for KLK2-Directed T-Cell Engager in Prostate Cancer Juri Biosciences, a TCG Labs Soleil portfolio company, has secured exclusive global rights to EpimAb’s T-cell engager targeting KLK2 for metastatic prostate cancer, with the potential for up to $210 million in payments. The partnership […]

Biotech Leader Spotlight
Judy Chou, President & CEO of AltruBio

May 29, 2025

Dr. Judy Chou is the CEO, President and Board member of AltruBio Inc.. which is a clinical stage biotech company in San Francisco, CA. Before taking on her current roles, she headed the global Biotech organization at Bayer Pharmaceuticals overseeing the development, manufacturing and distribution of Bayer’s biotechnology product portfolio & 2000+ employees and leading the drug development and launch activities for the biologics pipeline. In addition, she served as the site head for Bayer’s facility in Berkeley, CA. She is well recognized by the biomedical industry for her leadership and has received the Most Influential Women in Business Award in 2018 by San Francisco Business Times.
Biotech Market Update
Altos Labs acquires Dorian, Protagenic and Phytanix merger, Arcutis receives FDA approval for ZORYVE

May 27, 2025

M&A, Deals, Partnerships: Altos Labs (SF) Acquires Dorian Therapeutics (SF) to Boost Aging and Longevity Research Altos Labs has acquired Dorian Therapeutics, a startup focused on senoblockers, which aim to reverse aging and regenerate youthfulness in diseases like Alzheimer’s, osteoporosis, and diabetes. The acquisition brings Dorian’s research on cellular rejuvenation under Altos’ umbrella, which was […]

Biotech Market Update
BioMarin acquires Inozyme, Allogene cuts 28%, ADARx lands $335M AbbVie partnership

May 20, 2025

M&A, Deals, Partnerships: BioMarin (SF) Acquires Inozyme for $270M, Adds Phase 3 Enzyme Therapy to Rare Disease Pipeline In its first major M&A under new CBO James Sabry, BioMarin will acquire Inozyme for $270M to gain INZ-701, a Phase 3 enzyme replacement therapy for ENPP1 deficiency, a rare genetic disease with severe cardiovascular risks in […]

Biotech Market Update
Vivo Capital $740M biotech fund, NGM Bio cuts 75% of workforce, Trump drug pricing policy

May 13, 2025

Recent Funding: Vivo Capital (SF) Closes $740M Public Fund to Back Clinical-Stage Biotechs The third cycle of the Vivo Opportunity Fund will target small- and mid-cap life sciences companies, aiming to capture value around clinical milestones and regulatory approvals. Previous Vivo-backed companies include Soleno, RayzeBio, Chinook, and Sierra Oncology, with several achieving FDA approvals or […]

Biotech Market Update
Deerfield $600M biotech fund, Pliant cuts 45%, Regulus acquired by Novartis

May 6, 2025

Recent Funding: Deerfield Management (NY) Raises $600M Fund to Back Biotech and Healthcare Startups The fund will support early drug development, medical devices, and healthcare services, with a strong focus on collaborations with 30+ academic institutions and company creation via its NYC “Cure” campus. Deerfield’s past investments include BridgeBio Oncology, Frontier Medicines, and Perceive Pharma, […]