biotech - Tech News from Simmons Systems (Page 3)

Tech News from Simmons Systems

biotech

A collection of 35 posts

Corporate Biotech Investors Double Down on Startup Funding in 2018

Corporate venture investors in the biotech sector participate in rounds valued at $8 billion in 2018, nearly doubling their 2017 totals. Corporate backers also sharply increase the funding amounts for rounds they directly lead.

FDA Approves First Major Depression Drug in Over 30 Years

The FDA approves Johnson & Johnson's Spravato, an esketamine nasal spray for treatment-resistant depression. The fast-acting medication brings the first major breakthrough in depression treatment since the introduction of Prozac.

China Officially Declares CRISPR Baby Experiment Illegal

Chinese authorities rule that scientist He Jiankui acted illegally by creating gene-edited babies, citing his pursuit of personal fame and profit. The government promises severe punishment after revealing he fabricated ethics documents for the highly controversial experiment.

AI Startup Funding Booms Despite Murky Market Definitions

Funding totals for AI startups grow year-over-year, but tracking the exact pace proves difficult due to inconsistent definitions of what actually constitutes an artificial intelligence company.

J&J's $818 Million Bet Unlocks New Path for CRISPR Therapies

Johnson & Johnson strikes an up to $818 million deal with Locus Biosciences to develop a unique CRISPR technology that destroys harmful bacterial DNA instead of editing it. The partnership focuses on treating respiratory and other organ infections while preserving the patient's healthy microbiome.