Fares and Funding

7+ hour, 34+ min ago   (116+ words) Alector had $172.8 million on hand previously, a balance the company had said would last only through 2027, per BioSpace. Those setbacks led to brutal workforce reductions — a 49% downsizing that cut roughly 116 employees, following an earlier 17% layoff wave, per BioSpace. The company…...

10+ hour, 19+ min ago   (399+ words) A robotics startup in San Francisco just landed $75 million to push robots deeper into one of biotech's most stubborn bottlenecks: actually making the drugs. Multiply Labs builds robotic systems meant to automate the manufacturing of gene therapies and CAR-T cell…...

1+ week, 7+ hour ago   (153+ words) The round was co-led by Fidelity Management & Research Company and Amplify, according to a press release from SiMa.ai. Four new institutional investors joined the round: AllianceBernstein, Baron Capital, J.P. Morgan and the State of Michigan. As citybiz reported, the fresh…...

1+ week, 2+ day ago   (247+ words) Numeral says its transaction volume grew 327% year over year, and the company expects its tax engine to process more than 80 million transactions. Numeral also claims customers can cut filing and registration time by up to 80% using its platform, according to…...

2+ week, 2+ day ago   (100+ words) The timing lines up with a rough stretch for small employers. Mercer projections cited by Fierce Healthcare put 2026 employer health benefit cost increases at roughly 6.7% or higher, the sharpest surge in overhead in fifteen to twenty years. Small employers tend…...

3+ week, 3+ day ago   (202+ words) Frazier Life Sciences has closed more than $1.1 billion in new capital commitments to its Public Fund, pushing the long-only investment vehicle's total committed capital to roughly $2.8 billion. The Palo Alto-based firm announced the raise Thursday, marking one of the largest…...