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Quench Bio hit by 'successful failure,' winds down ops in Twitter thread as tech sold off at auction

(GH01/ iStock) Quench Bioโ€™s short journey has come to an end after the biotech startup found that its target was simply undruggable. The Cambridge, Massachusetts-based biotech had focused on blocking the gasdermin D protein with oral inhibitors to treat inflammatory diseases and had attempted to seek out a potent, selective chemical series to progress by the first quarter of 2021. It has not, however, managed to hit that goal, and, with credit to the company, it is not trying to spin...
United States United Kingdom Mike Nolan Arix Bioscience Eli Lilly Mark Tebbe

Mayor Lightfoot joins ChicagoNEXT, P33, & PitchBook to announce Chicago as the Top U.S. City for Exit Value Fueled by Venture Capital Investment

Share this article Share this article CHICAGO, Dec. 10, 2020 /PRNewswire/ -- Mayor Lori E. Lightfoot joins ChicagoNEXT, an initiative of World Business Chicago, and P33 to announce Chicagos continued lead in venture capital (VC) return on investment the 2020 Chicago VC Ecosystem Report, released today. Among the reasons cited are: $7.8B invested in Chicago since 2017 A record number of 302 deals closed in 2019 2000 active tech startups supported by a deep roster of seed stage companies and i...
United States Lorie Lightfoot Brad Henderson Mark Tebbe Andreal Zopp William Blair

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