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CPPIB leads group investing $400-million in startup that can 'crack open' genetic drivers of diseases

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A machine learning start-up that is aiming to speed up drug discovery and shake up the pharmaceutical industry has raised US$400 milllion from investors including, the Canadian Plan Investment Board, SoftBank and Temasek.
Insitro, which is run by former Stanford artificial intelligence professor Daphne Koller, has partnerships with Gilead Sciences and Bristol-Myers Squibb to discover new biological targets for drug treatments, and the drugs themselves.
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CPPIB leads group investing $400-million in startup that can crack open genetic drivers of diseases Back to video
The pandemic has given investors hope that the long and costly timelines for discovering drugs often as long as 10 years can be slashed using new technology. The funding round, which is led by the CPPIB, also includes further investment from existing investors such as Andreessen Horowitz, T Row ....

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insitro's AI drug discovery platform pulls another $400M from investors

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insitro, an artificial intelligence drug discovery startup, has added a $400 million Series C round to its already impressive fundraising haul. The financing is set to close during the first full week of April, according to the company.
Canadian Pension Plan Investment Board led the raise, which also included a laundry list of participants. These names include: Andreessen Horowitz, funds and accounts advised by T. Rowe Price Associates, Casdin Capital and funds and accounts managed by BlackRock, ARCH Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, HOF Capital, Alexandria Venture Investments, Temasek, Softbank Investment Advisors, one undisclosed leading global investment group, and an undisclosed market-leading payer-provider health system based in the U.S. ....

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Biotech's deal refusals led to pricey buyout by Merck

Biotech's deal refusals led to pricey buyout by Merck
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One of the few top U.S. Black CEOs, Merck's Ken Frazier to retire

<div class="at-above-post addthis tool" data-url="https://www.metro.us/one-of-the-few/"></div>(Reuters) – Merck & Co Inc said on Thursday Ken Frazier, one of only a handful of Black executives leading major U.S. companies, will step down as chief executive officer at the end of June and be replaced by Chief Financial Officer Robert Davis. Frazier, 66, will remain with the drugmaker as executive chairman for […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/one-of-the-few/"></div><! AddThis Share Buttons generic via filter ....

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One of the few top US Black CEOs, Merck's Ken Frazier to retire

Merck & Co Inc said on Thursday Ken Frazier, one of only a handful of Black executives leading major U.S. companies, will step down as chief . ....

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