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Arena BioWorks Wants To Address Inefficiency Of Early R&D Finance

Incubator Will Use Hub-And-Spoke Model

 
• By Joseph Haas

Backed with $500m to look into the mechanistic underpinnings of unmet medical needs, Arena BioWorks will employ a hub-and-spoke model to incubate biotechs around a central technology hub.

Arena
Arena BioWorks will put discovery and company creation under one roof • Source: Shutterstock

Broad Institute co-founder Stuart Schreiber is teaming up with an all-star list of scientists and financial backers to found Arena BioWorks, which Schreiber said is intended to let scientists focus on developing their hypotheses rather than seeking government grants and then later on, if their research yields something of therapeutic potential, venture capital funding.

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