California Biotech Insights

December 19, 2024
December 16, 2024
Recent Funding Angitia Biopharmaceuticals (LA) Announces $120 Million Series C Financing Led by Bain Capital Life Sciences with participation from new and existing investors, supporting the development of treatments for serious musculoskeletal diseases. Advancing three biologics in the clinic, including AGA2118 and AGA2115 (bispecific antibodies for osteoporosis and osteogenesis imperfecta) and AGA111 (spinal fusion). Dr. […]

December 12, 2024
December 9, 2024
Recent Funding: Atlas Venture (Cambridge, MA) Raises $450M for Early-Stage Biotech Fund Atlas Venture raised $450M for its 14th fund, maintaining its focus on seed-led venture creation in biotech startups. The firm prioritizes smaller, disciplined fund sizes to foster company building and avoid overexpansion, emphasizing adaptability and high returns. Since 2022, Atlas has launched 16 […]

December 5, 2024
December 2, 2024
Recent Layoffs: Kronos Bio (SF/MA) Announces CEO Transition and Workforce Reduction Dr. Norbert Bischofberger steps down as President and CEO; Dr. Deborah Knobelman, previously COO and CFO, appointed as President and Interim CEO, effective December 3, 2024. Approximately 83% of Kronos Bio’s employees will be laid off by year-end as part of cost-cutting measures and […]