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Finance Watch: VC Deals Keep Up Fast Pace With $1.1bn In Less Than Three Weeks

 
• By Mandy Jackson

Finance Watch has noted $1.1bn worth of venture capital deals so far in 2019. Meanwhile, public offerings continue to be muted by the US government shutdown, though Revance and others sold shares. Also, Five Prime and others reveal layoffs and strategic shifts.

Finance Watch

The first couple of weeks of January usually are pretty remarkable in terms of new venture capital financings announced by biopharmaceutical firms and VC deals revealed in 2019 are living up to past years with at least $1.1bn raised so far.

This is the total tallied by Finance Watch, counting financings above $10m reported during the past three weeks. It's notable,...

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Finance Watch: Scorpion Spinout Antares Launches With $177m For Precision Medicines

 
• By Mandy Jackson

Private Company Edition: Antares’ lead asset will enter the clinic in 2026 after Lilly committed up to $2.5bn for Scorpion’s Phase I/II PI3Kα inhibitor STX-478. Also, Amplify raised $200m for its first biotech VC fund and Mosanna raised an $80m series A round, among other financings.

Finance Watch: Insmed Cashes In On Positive Data With $750m Offering

 
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Chinese Biotech VC/PE Fundings Rise But Still Modest

 
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More from Business

Finance Watch: Scorpion Spinout Antares Launches With $177m For Precision Medicines

 
• By Mandy Jackson

Private Company Edition: Antares’ lead asset will enter the clinic in 2026 after Lilly committed up to $2.5bn for Scorpion’s Phase I/II PI3Kα inhibitor STX-478. Also, Amplify raised $200m for its first biotech VC fund and Mosanna raised an $80m series A round, among other financings.

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The Belgian drugmaker is boosting its biologics capacity over the pond.

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After in-licensing a cardiovascular candidate last year, AstraZeneca has signed a strategic drug discovery alliance, which could generate billions of dollars in payments to the Chinese firm.