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Biotech

What’s at stake for Washington’s flagship research institutions in the legal battle over NIH funding

The fight now unfolding over the Trump administration’s sudden limit on National Institutes of Health grant funding could have deep financial implications for Washington state’s top research institutions. Those impacted… Read More

Trump’s push to freeze funding leaves researchers anxious about delayed scientific breakthroughs

When Luca Foschini, head of Seattle’s Sage Bionetworks, described the impact of the Trump administration’s efforts to freeze federal grants this week, it sounded like a run on the banks… Read More

Seattle biotech startup Tune Therapeutics lands $175M to support clinical research

Tune Therapeutics, a biotech company with headquarters in Seattle and Durham, N.C., raised $175 million in one of the largest funding rounds for a Seattle-area startup in recent years. Tune… Read More

Seattle’s Sonoma Biotherapeutics receives $45M milestone payment

Sonoma Biotherapeutics on Wednesday announced that it received a $45 million payment from Regeneron Pharmaceuticals for meeting a significant milestone in its efforts to research, develop and commercialize therapies for… Read More

NASA engineer working on construction robot

Mars Society gains foothold in AI, robotics and biotechnology to clear a path to space

The Mars Society says it’s making progress on launching a startup incubator in the Seattle area, with artificial intelligence and biotech as its first targets. Its long-term goal? To make… Read More

Protein design startup Outpace lands $144M to test treatments that target solid tumors

Outpace Bio, a Seattle startup using artificial intelligence to design proteins that are incorporated into cancer therapies targeting solid tumors, has raised $144 million in new cash from investors. The… Read More

Aurion Biotech gets FDA approval to speed development of vision restoring treatment

Seattle’s Aurion Biotech announced Wednesday that it received special designations from the U.S. Food and Drug Administration that should speed up the development of its treatment for a common disease… Read More

From Expedia to Scispot: A startup founder’s journey to build data infrastructure for biotech

Satya Singh, a Seattle-area technology and startup leader who was previously a data platform executive at Expedia, co-founded Scispot, a data infrastructure platform for biotech companies. He recently shared his story… Read More

A-Alpha Bio lands $14.5M from Department of Defense to prep for future biological threats

A-Alpha Bio will receive $14.5 million from the Department of Defense (DOD) to expand a project with a national lab to help prepare for future biological threats using the company’s… Read More

New study for early detection of Alzheimer’s shows promising results

A new test for the early detection of Alzheimer’s Disease — potentially even before symptoms are present — show that the diagnostic caught the neurodegenerative disease in 100% of the… Read More

AI2 Incubator spinout Modulus sells cell therapy tech assets to Boston’s Ginkgo Bioworks

The news: Modulus Therapeutics, a Seattle-based cellular therapy company spun out of the Allen Institute of Artificial Intelligence (AI2) Incubator, has sold its cell therapy platform assets to the Boston… Read More

Sonoma Bio celebrates new Seattle waterfront R&D center for autoimmune disease research

Sonoma Biotherapeutics on Monday hosted a ribbon cutting ceremony at its new research and development center and office space on Seattle’s waterfront. The biotech company, which has a second location… Read More

Phase Genomics gets $1.5M grant from Gates Foundation to fight cow burp methane

Seattle biotech startup Phase Genomics is receiving $1.5 million from the Bill & Melinda Gates Foundation to fund research into two important areas: killing drug-resistant bacteria and battling methane-producing microorganisms… Read More

Pfizer to close Seagen manufacturing plant in Seattle area following $43B acquisition

Pharma giant Pfizer, fresh off its $43 billion acquisition of Seagen, said it will shut down construction on a new 270,000 square-foot manufacturing facility Seagen was building north of Seattle… Read More

Healionics lands $5.5M to complete human trial of artificial blood vessel for dialysis patients

Healionics, a Seattle-based medical technology company, raised $5.5 million in new financing aimed at helping the company complete an ongoing human trial and pursue regulatory clearance and commercialization of its… Read More

AstraZeneca completes $1.1B acquisition of Univ. of Washington biotech spinout Icosavax

Biotech giant AstraZeneca has completed its $1.1 billion acquisition of Icosavax, a Seattle-based spinout from the University of Washington’s Institute for Protein Design.

Pfizer wins regulatory approval for its $43B acquisition of Seattle-area biotech giant Seagen

Pfizer’s plan to acquire Seagen for $43 billion has cleared the necessary regulatory hurdles, the pharma titan announced Tuesday. The deal will close on Thursday. Seagen is the largest biotech… Read More

New website helps engineers find biomedical challenges that crown winning algorithms

There are lots of tasks in biomedicine that are more accurately and efficiently accomplished by a computer than a person — take the detection of breast cancer from a mammogram,… Read More

Washington startups receive $25K grants aimed at boosting state’s life sciences sector

A group of 20 early-stage life sciences startups in Washington each received $25,000 grants, part of an effort to fuel the “next generation” of life science innovation in the state.… Read More

Biotech company Absci lays off 30 employees, about 15% of staff

Publicly traded biotech company Absci is laying off 30 employees, or approximately 15% of its workforce.

A-Alpha Bio, a biotech startup that measures and predicts protein interactions, raises $22.4M

Seattle biotech startup A-Alpha Bio raised $22.4 million to boost development of its machine learning platform that analyzes protein-protein interactions. A-Alpha Bio, a spinout of the Institute for Protein Design… Read More

Affini-T Therapeutics shutting down Seattle lab

Affini-T Therapeutics, a cell therapy company spun out of Fred Hutchinson Cancer Research Center that aims to treat solid tumors, is closing its Seattle lab.

Novartis to buy Seattle biotech firm Chinook Therapeutics in $3.2B deal

Swiss biopharma giant Novartis announced Monday it plans to buy Seattle-based Chinook Therapeutics for $3.2 billion, marking another blockbuster acquisition for the biotech industry in the Seattle region. Founded in… Read More

Seattle biotech company is the first to receive approval to test B cell gene therapy in humans

Seattle biotech startup Immusoft has received approval to begin clinical trials of its novel strategy for treating genetic disease, the company announced Thursday. Immusoft says it’s the first to get… Read More

Startup funding cooldown: Here are the stats for Seattle and the Pacific NW for the first half of 2022

Tech startups in Seattle and the Pacific Northwest raised less than $4 billion in funding in the first half of 2022, down 20% from more than $5 billion in the… Read More

Biotech stocks are getting crushed — but industry insiders say there’s reason for optimism

Biotech is coming off an epic few years. The sector soared during the pandemic, with venture capital investment and IPO volumes hitting all-time highs. But recently stock valuations have plummeted,… Read More

Juno Therapeutics vets Steve Harr and Hans Bishop on building startups, working with tech, and more

Hans Bishop and Steve Harr know a few things about biotech. The pair once worked together at Seattle flagship cell therapy company Juno Therapeutics, where Bishop was CEO and Harr… Read More

Vancouver, Wash.-based biotech Absci opens new AI Research Lab in New York City

Absci, the Vancouver, Wash.-based biotech that provides drug and drug target discovery services to other companies, has opened a lab in New York City. The company announced the opening of… Read More

Ex-Athira Pharma CEO Leen Kawas starts $150M fund with key investors from former company

Leen Kawas, the Seattle biotech exec who resigned as CEO of Athira Pharma after an investigation found she had altered doctoral research images that helped to form the initial basis… Read More

New CEO at Zymeworks shifts leadership, plans to lay off 25% of staff

Kenneth Galbraith is shaking up Zymeworks within a week of becoming CEO of the Seattle and Vancouver, B.C.-based biotech company. He announced major leadership changes in a statement Wednesday, and… Read More

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