Get the Daily Brief
Latest Biotech News
Eikon eyes IPO: $1B-plus private backing and multiple clinical assets
Eikon Therapeutics, a protein-dynamics drug developer founded by former Merck executives, signaled plans to go public and to use proceeds to fund a clutch of oncology and neuroscience programs....
Teva secures up to $500M from Royalty Pharma for vitiligo program
Teva Pharmaceuticals agreed a financing arrangement with Royalty Pharma that could provide up to $500 million to support development of TEV-‘408, an anti–IL‑15 antibody being tested for vitiligo....
Tempus posts strong Q4: preliminary revenue jumps 83% on testing growth
Tempus reported preliminary fourth-quarter revenue of approximately $367 million, an 83% year-over-year increase driven by diagnostics volume growth in oncology and hereditary disease testing. The...
Guardant Health Q4 revenue climbs 39% as screening and oncology volumes rise
Guardant Health reported preliminary fourth-quarter revenue of roughly $280 million, a 39% increase year over year driven by higher volumes in oncology testing and rapid uptake of its Shield...
Parabilis closes $305M Series F: Rare-tumor drug moves toward Phase III
Parabilis Medicines closed a $305 million Series F financing led by RA Capital, Fidelity Management & Research, and Janus Henderson to advance zolucatetide (FOG-001) into Phase III for desmoid...
Eikon eyes IPO: Billion-dollar private backing, interim melanoma readout expected
Eikon Therapeutics outlined plans to go public after raising more than $1 billion in private funding since 2019 and building a drug portfolio from dealmaking and its protein-motion platform. Run...
Mirador raises $250M: Company positions itself as immunology contender, eyes IPO
Mirador Therapeutics closed a $250 million Series B to scale development of precision medicines for immune diseases and signaled consideration of an IPO later this year. The company told Endpoints...
Tempus posts massive Q4: Diagnostics fuels 83% revenue jump
Tempus reported preliminary fourth‑quarter revenue of roughly $367 million, an 83% increase year‑over‑year, citing testing growth as the primary driver and topping Wall Street estimates. The...
Guardant Health surges: Screening and oncology tests lift Q4 revenue 39%
Guardant Health reported preliminary Q4 revenue of about $280 million, a 39% year‑over‑year increase that beat estimates, driven by higher volumes in both oncology and screening tests. The company...
Veracyte posts double‑digit growth — guides to further 2026 revenue gains
Veracyte reported preliminary Q4 revenue between $138 million and $140 million (16–18% growth) and full‑year 2025 revenue of $515–517 million, driven by testing volume gains. The diagnostic firm...
10x Genomics: consumables buoy results as instrument sales decline
10x Genomics said preliminary Q4 revenue of $166 million — ahead of consensus — with consumables revenue rising about 6% to approximately $141.7 million while instrument revenue declined sharply...
Castle Biosciences tops guidance: Test‑report growth lifts full‑year revenue
Castle Biosciences expects preliminary full‑year 2025 revenue of $340 million, above prior guidance and consensus, driven by a 37% year‑over‑year increase in test reports. The company delivered...
Xella Health closes $3.7M pre‑seed — multiomic women's platform readies for launch
Xella Health raised $3.7 million in a pre‑seed round led by Precursor Ventures to develop a multiomic women's precision health and diagnostics platform combining at‑home sample collection...
SBIR/STTR funding lapses: Federal non‑dilutive pipeline goes dark
The NIH announced that the federal SBIR and STTR programs expired effective immediately, halting non‑dilutive seed funding across agencies including HHS, Agriculture, Commerce, Energy and Defense....
Eikon eyes IPO — Merck vets lead $1B drug push
Eikon Therapeutics filed for an initial public offering after raising more than $1 billion in private capital since 2019. The company, founded and led by former Merck executives including...
Mirador raises $250M — plots immunology scale-up
Mirador Therapeutics closed a $250 million Series B to accelerate development of precision medicines for immune diseases and signaled plans to consider an IPO later this year. The financing...
DrugCLIP: AI screens millions of compounds in hours
Researchers in China unveiled DrugCLIP, an AI framework that the team says can screen millions of candidate compounds against thousands of protein targets in just hours—described as...
Anthropic follows OpenAI into healthcare — rivals diverge on platform strategy
Anthropic has moved into healthcare product offerings, mirroring OpenAI’s push but taking a different product architecture: Anthropic is blending enterprise and consumer tools into a single...
SBIR/STTR lifeline goes dark: NIH halts small‑business grants
The NIH issued a notice that the SBIR and STTR programs have expired "effective immediately," pausing a major federal source of non-dilutive seed funding for life‑science startups. The lapse...
FDA asks for more data — Stoke's zorevunersen fast‑path request stalled
Stoke Therapeutics reported that the FDA declined to agree to an accelerated filing for zorevunersen, its experimental treatment for Dravet syndrome, after a December meeting. Regulators did not...