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Biotech

News Brief

Washington startups receive $25K grants aimed at boosting state’s life sciences sector

by Nate Bek on October 10, 2023October 10, 2023 at 3:32 pm

A group of 20 early-stage life sciences startups in Washington each received $25,000 grants, part of an effort to fuel the “next generation” of life science innovation in the state.… Read More

Event Calendar

2023 Funding Landscape: Finding Warmth in a Biotech Winter

by Todd Bishop on October 3, 2023October 3, 2023 at 10:30 am

Join Madrona Venture Group Investor Joe Horsman and WRF Capital Managing Director, Will Canestaro, for an in-person Lunch and Learn session hosted by Life Science Washington Institute on the current… Read More

News Brief

Biotech company Absci lays off 30 employees, about 15% of staff

by Taylor Soper on September 5, 2023September 5, 2023 at 7:46 am

Publicly traded biotech company Absci is laying off 30 employees, or approximately 15% of its workforce.

A-Alpha Bio, a biotech startup that measures and predicts protein interactions, raises $22.4M

by Nate Bek on July 25, 2023July 24, 2023 at 10:06 pm

Seattle biotech startup A-Alpha Bio raised $22.4 million to boost development of its machine learning platform that analyzes protein-protein interactions. A-Alpha Bio, a spinout of the Institute for Protein Design… Read More

News Brief

Affini-T Therapeutics shutting down Seattle lab

by Taylor Soper on July 20, 2023July 21, 2023 at 7:57 am

Affini-T Therapeutics, a cell therapy company spun out of Fred Hutchinson Cancer Research Center that aims to treat solid tumors, is closing its Seattle lab.

Novartis to buy Seattle biotech firm Chinook Therapeutics in $3.2B deal

by Taylor Soper on June 12, 2023June 12, 2023 at 8:24 am

Swiss biopharma giant Novartis announced Monday it plans to buy Seattle-based Chinook Therapeutics for $3.2 billion, marking another blockbuster acquisition for the biotech industry in the Seattle region. Founded in… Read More

Seattle biotech company is the first to receive approval to test B cell gene therapy in humans

by Lisa Stiffler on September 1, 2022September 1, 2022 at 3:55 pm

Seattle biotech startup Immusoft has received approval to begin clinical trials of its novel strategy for treating genetic disease, the company announced Thursday. Immusoft says it’s the first to get… Read More

Startup funding cooldown: Here are the stats for Seattle and the Pacific NW for the first half of 2022

by Todd Bishop on July 1, 2022July 1, 2022 at 10:19 am

Tech startups in Seattle and the Pacific Northwest raised less than $4 billion in funding in the first half of 2022, down 20% from more than $5 billion in the… Read More

Biotech stocks are getting crushed — but industry insiders say there’s reason for optimism

by Charlotte Schubert on May 18, 2022May 18, 2022 at 4:49 pm

Biotech is coming off an epic few years. The sector soared during the pandemic, with venture capital investment and IPO volumes hitting all-time highs. But recently stock valuations have plummeted,… Read More

Juno Therapeutics vets Steve Harr and Hans Bishop on building startups, working with tech, and more

by Charlotte Schubert on April 21, 2022April 22, 2022 at 6:50 pm

Hans Bishop and Steve Harr know a few things about biotech. The pair once worked together at Seattle flagship cell therapy company Juno Therapeutics, where Bishop was CEO and Harr… Read More

Vancouver, Wash.-based biotech Absci opens new AI Research Lab in New York City

by Kurt Schlosser on April 20, 2022April 20, 2022 at 2:02 pm

Absci, the Vancouver, Wash.-based biotech that provides drug and drug target discovery services to other companies, has opened a lab in New York City. The company announced the opening of… Read More

Ex-Athira Pharma CEO Leen Kawas starts $150M fund with key investors from former company

by Todd Bishop on March 18, 2022March 18, 2022 at 12:29 pm

Leen Kawas, the Seattle biotech exec who resigned as CEO of Athira Pharma after an investigation found she had altered doctoral research images that helped to form the initial basis… Read More

New CEO at Zymeworks shifts leadership, plans to lay off 25% of staff

by Charlotte Schubert on January 20, 2022January 22, 2022 at 8:30 am

Kenneth Galbraith is shaking up Zymeworks within a week of becoming CEO of the Seattle and Vancouver, B.C.-based biotech company. He announced major leadership changes in a statement Wednesday, and… Read More

Podcast

Top Stories of ’21: Amazon, Microsoft, Meta, COVID, and what’s next for tech in Seattle and beyond

by Todd Bishop on December 23, 2021December 23, 2021 at 9:53 am

Looking at GeekWire’s most-read stories for 2021, this series of headlines stands out as a symbol of the past year, not just for Amazon but for the world at large.… Read More

Report: Life sciences sector is booming as companies swoop up lab space and raise gobs of cash

by Charlotte Schubert on December 7, 2021December 9, 2021 at 5:54 pm

It’s hard for life sciences startups to find lab space, and there’s a good reason. The sector has been on a tear, according to a report tallying venture capital and… Read More

Chinook Therapeutics helps form China-based biotech venture to treat kidney disease

by Charlotte Schubert on November 30, 2021November 30, 2021 at 12:08 am

The news: Chinook Therapeutics on Tuesday announced the formation of SanReno Therapeutics, which will advance therapies for kidney disease in China, Hong Kong, Macau, Taiwan and Singapore. SanReno is a… Read More

Biotech company Absci, which recently went public, cuts ribbon on new HQ in Vancouver, Wash.

by Charlotte Schubert on November 3, 2021November 3, 2021 at 9:42 am

Absci cut the ribbon on its new headquarters in Vancouver, Wash., on Tuesday, barely three months after going public in an IPO that valued the biotech company at nearly $2… Read More

How pandemic-driven talent migration will change where biotech companies are located

by Charlotte Schubert on October 25, 2021January 14, 2022 at 3:09 pm

Joel Marcus’ fortunes have risen with those of the life sciences industry. The executive chairman of life sciences builder Alexandria Real Estate Equities first bought laboratory space in Seattle in… Read More

Podcast

Biotech boom: How life sciences emerged from ‘the doldrums’ in Seattle and Washington state

by Charlotte Schubert on October 19, 2021October 20, 2021 at 10:32 am

Leslie Alexandre has seen a lot from her perch surveying Washington state’s life sciences landscape. She is set to retire at the end of this year after five years as… Read More

Alpine raises $91M to fuel the Seattle biotech’s clinical trials for lupus and cancer

by Charlotte Schubert on September 15, 2021September 16, 2021 at 12:27 pm

Alpine Immune Sciences will move a potential treatment for immune conditions into human testing and support its ongoing trials for cancer thanks to around $91 million in new funding. The… Read More

These biotech and life sciences CEOs made the leap from software startups — here’s how they did it

by Charlotte Schubert on September 2, 2021September 27, 2021 at 7:40 am

In the past several years the barriers between tech and the life sciences have begun to dissolve. AI and machine learning have gone from buzzwords to bedrock technologies for a… Read More

Biotech companies fuel IPO boom in Washington state over the past year

by Charlotte Schubert on August 23, 2021August 23, 2021 at 11:48 am

In a region better known for its tech startups and legions of software engineers, it’s biotech companies that have helped lead a recent IPO boom in the state of Washington,… Read More

New 130K square-foot drug manufacturing plant in Seattle area will develop COVID-19 therapeutics

by Charlotte Schubert on August 18, 2021August 18, 2021 at 6:25 pm

The Seattle area is home to a new nimble drug manufacturing facility built by Just – Evotec Biologics that was unveiled Wednesday in an opening ceremony at the 130,000 square-foot… Read More

Seattle biotech vet Justine Dell’Aringa sees parallels in science while building her own home

by Kurt Schlosser on August 6, 2021August 6, 2021 at 7:38 am

At home and at work, Justine Dell’Aringa is up for a challenge. The scientific associate director of Translational Research for Bristol Myers Squibb’s Immuno-Oncology and Cell Therapy Thematic Research Center… Read More

Absci shares spike 30% in IPO debut, valuing Washington state biotech company at nearly $2B

by Charlotte Schubert on July 22, 2021July 23, 2021 at 9:45 am

Shares of Absci surged more than 30% on Thursday as the Vancouver, Wash.-based biotech company made its debut as a public company. Absci priced its stock at $16 per share… Read More

Seattle-based Shape Therapeutics raises $112M to develop RNA-editing and gene therapies

by Charlotte Schubert on July 16, 2021August 24, 2021 at 9:35 am

Shape Therapeutics, a Seattle preclinical stage biotech company developing RNA editing and gene therapy technologies, has raised $112 million. The company’s RNA editing technologies are spun out of the lab… Read More

Immunotherapy startup Umoja lands $210M, less than a year after raising $53M

by Lisa Stiffler on June 18, 2021June 18, 2021 at 3:10 pm

New funding: Just seven months after announcing a $53 million Series A round, Umoja Biopharma has raised an additional $210 million in a Series B round. The company is developing… Read More

Oisín raises $5M to develop treatments for ‘zombie cells’ associated with age-related diseases

by Lisa Stiffler on May 27, 2021May 27, 2021 at 12:22 pm

New funding: Seattle biotech startup Oisín Biotechnologies has raised a $5 million seed round. It’s currently developing preclinical therapies that target and kill damaged cells that have been biologically turned… Read More

Grandson of Jonas Salk raises cash to find ‘genetic needles in the haystack’

by Lisa Stiffler on May 6, 2021May 6, 2021 at 11:13 am

New funding: Gene-sequencing startup TwinStrand Biosciences raised $50 million in a Series B round led by Section 32, a California-based fund focused on biotech, technology, healthcare and life sciences. Total… Read More

Univ. of Wash.-spinout Icosavax raises $100M to fund vaccine development technology

by Lisa Stiffler on April 7, 2021April 7, 2021 at 3:53 pm

New funding: At a moment when vaccines are on everyone’s mind, a Seattle-based biotech company that has an unusual approach to vaccine production has raised $100 million in a Series… Read More

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