Biotech & Health

With Varda Space, leading Silicon Valley players make big bet on making drugs in space

Biotech & Health /

Pharmaceutical scientists come up against a hard limitation here on Earth: gravity. Varda Space wants to change that. The company has raised a massive new round to turn space into the “ultimate high ground” for the production of critical pharmaceutical components that can be brought back to Earth and used to make finished drugs.  The […]

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Anne Wojcicki’s nonprofit reaches deal to acquire 23andMe

Biotech & Health /

Beleaguered genetic testing company 23andMe announced Friday that it has reached an agreement to sell itself to a nonprofit led by the company’s co-founder and former CEO Anne Wojcicki. Following a massive cyberattack in 2023 and a related lawsuit settlement, 23andMe filed for bankruptcy in March, with Wojcicki resigning in order to become an independent

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23andMe says 15% of customers asked to delete their genetic data since bankruptcy

Biotech & Health /

23andMe’s interim chief executive Joseph Selsavage told lawmakers on Tuesday that 1.9 million people, or about 15% of its customer base, have requested their genetic data be deleted from the company’s servers since it filed for bankruptcy protection in March. Selsavage was speaking at a House Oversight Committee hearing, during which lawmakers scrutinized the company’s

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Vijay Pande, founding partner of a16z bio and health strategy, steps down

Biotech & Health /

Vijay Pande, a general partner at Andreessen Horowitz who founded the firm’s a16z Bio + Health strategy, announced that he is stepping down from his role. Since its founding in 2014, a16z Bio + Health has raised four funds of nearly $3 billion each, including a $1.5 billion fund that closed in 2022. However, it’s

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Omada Health IPO signals healthier market, avoids ‘down-round’ trend

Biotech & Health /

The IPO market is starting to feel healthier. Omada Health, a 14-year-old company providing virtual care for chronic conditions like diabetes and hypertension between office visits, closed its first trading day on Friday at $23 a share, a 21% jump from the IPO price of $19. The IPO valued the company just above $1 billion

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Colossal Labs will release the sounds of dire wolves howling ‘later this year,’ founder says

Biotech & Health /

Ben Lamm, the billionaire founder of Colossal Labs, and Sophie Turner spoke about his company’s efforts in reviving the long-extinct dire wolf during a panel at SXSW’s first London outpost.  The wolf re-entered the public consciousness because of the television show “Game of Thrones,” in which Turner was a leading character. It turns out that

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Samsung may invest in $100M round for medical imaging startup Exo

Biotech & Health /

Samsung’s venture investment unit is looking to invest in California-based medical device startup, Exo, in a round that could climb to $100 million, Bloomberg reported, citing anonymous sources. The round is being led by Sands Capital, Bold Capital and Qubit Health Capital, the report said, adding that Qubit’s chairman, Imar Ishrak, would join Exo’s board.

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Hinge Health pops 17%, but joins growing ranks of down round IPOs

Biotech & Health /

Hinge Health, a digital physical therapist company, closed its first day of trading on the New York Stock Exchange on Thursday at $37.56, up about 17% over the $32 IPO price it set the previous day. That’s a good first-day result. But even with the pop, Hinge’s public valuation is significantly less than its last

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Up to $900 off your ticket and 90% off for your +1 at Disrupt 2025

Biotech & Health /

Here’s the deal: Only 4 days left to save up to $900 on your TechCrunch Disrupt 2025 ticket — and an additional 90% off for your +1. From October 27–29, San Francisco’s Moscone West transforms into the epicenter of tech innovation as 10,000 tech, startup, and VC leaders gather for the 20th anniversary of TechCrunch

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