After a slightly delayed break for the summer holidays, here’s my July Biotech News Round-Up - with a refreshed look for the second half of the year. From billion-dollar M&A deals to exciting product launches in #singlecell, #spatial, and #proteomics, there’s been no shortage of activity across the life science ecosystem.
Keep an eye out 👀 my next Company Spotlight will be published in the coming days, where I dive deeper into one of the innovators shaping this space.
Waters Corporation + BD | Waters to merge with BD's Biosciences & Diagnostic Solutions business in a $17.5B Reverse Morris Trust transaction, creating a new life science & diagnostics leader.
Techcomp Instruments | Acquires Sercon Limited, expanding its analytical and life science instrumentation portfolio (joining Isotopx & SCION Instruments).
Quanterix | Closed $69M acquisition of Akoya Biosciences, Inc. (deal faced shareholder opposition; Akoya had also received an unsolicited bid in May).
Illumina | Agrees to pay $9.8M to settle a DOJ whistleblower lawsuit alleging it sold sequencing instruments with cybersecurity vulnerabilities to US government agencies.
Exact Sciences | USPTO Patent Trial & Appeal Board invalidates ‘781 patent (stool sample collection & processing) as “obvious in light of prior art.”
CS Genetics launched the 96-sample SimpleCell 3' Gene Expression Kit for scalable, cost-efficient single-cell RNA sequencing
Cellecta, Inc. launched DriverMap Single-Cell AIR assay kits for full-length TCR/BCR chain-pair profiling and immunophenotyping
Vector Laboratories, Inc. launched the Glysite Explorer Kit with Navinci’s isPLA tech for spatial glycan detection in FFPE tissues and fixed cells
Stratica Biosciences Announced commercialization of an AI-powered tool for automated cell-type and cell-state identification in multiomics datasets.
Thermo Fisher Scientific launched two new electron microscopes (Scios 3 and Talos 12) for advanced cell biology & pathology imaging
🔬 Proteomics & Cell Biology
Nanomics Biotech launched the G1 Basic Suite, an automated proteomics prep system (enabling 6,000+ protein IDs per run, 1,000+ samples weekly). It supports advanced proteomics techniques, including: Deep Plasma Proteomics, Spatial Proteomics & SP3.
Spear Bio launched SPEAR UltraDetect™ immunoassay for high-sensitivity biomarker measurement
Interherence launched the AiroBox Stage-Top Incubator for temperature-controlled live-cell microscopy
Quanterix launched phospho-tau assays (p-Tau 205 & p-Tau 212) for Alzheimer’s research
MilliporeSigma launched the AAW™ Automated Assay Workstation (powered by Opentrons) for automating manual lab experiments
Nikon launched the ECLIPSE Ti2-I Motorized Inverted Microscope for IVF applications (ICSI/IMSI)
OraSure Technologies, Inc. (DNA Genotek) launched HemaCollect Protein BCT for preservation & stabilization of plasma proteins in whole blood
🧬 Genomics, Transcriptomics & Epigenomics
New England Biolabs launched the NEBNext Low-bias Small RNA Library Prep Kit to reduce sequencing bias
Yourgene Health launched LightBench Discover, a benchtop platform for long-read sequencing sample analysis
C2N Diagnostics launched two RUO plasma assays for Alzheimer’s disease and related dementias
Thermo Fisher Scientific launched the Oncomine™ Comprehensive Assay Plus on the Ion Torrent™ Genexus™ System to accelerate precision oncology research
Thermo Fisher Scientific launched LabLink360™ and MAS™ Max QC controls for clinical laboratory workflow assurance
🏆 Accreditations & Regulatory Updates
Panome Bio | Multiomics lab receives CLIA certification
Biolog, Inc. | Anaerobic media and chambers receive CE marking for international use
SAGA Diagnostics | Medicare coverage granted for Pathlight™ MRD test in breast cancer
Exact Sciences | Oncodetect™ MRD test gains Medicare coverage for colorectal cancer
Roche | CE Mark for minimally invasive blood test to help rule out Alzheimer’s disease
BD | Submits self-collected HPV molecular test to FDA
Geneoscopy | FDA approves updated stool collection method for ColoSense screening test
Fulgent Genetics | Germline NGS testing service obtains CE-IVDR mark
ClearNote Health | Gains UKCA marking for early-stage pancreatic cancer test
Diasorin | Submits point-of-care test instrument for FDA 510(k) clearance and CLIA waiver
Labcorp | Solid tumor profiling test receives CE-IVDR marking
Thermo Fisher Scientific | NGS assay receives FDA approval as CDx for Zegfrovy and for solid tumor profiling
Seed Funding
Juniper Genomics(USA) raises $4.6M seed to launch genomic testing for IVF.
Argon AI(USA) raises $5.5M to develop AI-driven drug discovery tools.
Renasant Bio(USA) raises $54.5M seed to pioneer next-generation small-molecule treatments for ADPKD.
VelaVigo(China) closes over $60M Pre-A+ financing to accelerate its oncology drug pipeline.
Series A Funding
PRCXI Biotechnology(China) completes CNY 100M ($13–14M) to scale its intelligent lab automation systems.
A-SEEDS Co., Ltd.(Japan) closes ¥2.38B (~$15M) for regenerative medicines R&D.
One Biosciences(France) raises €15M to accelerate clinical deployment of its AI-driven single-cell platform.
Portal Biotech(England) raises $35M to advance protein sequencing technology.
Centivax(USA) raises $45M to advance a universal flu vaccine into the clinic and expand its “universal immunity” pipeline.
Dispatch Bio(USA) launches with $216M (total funding) to advance engineered cell therapies.
Series B Funding
Imagene AI (Israel) raises $23M to expand AI-powered cancer pathology solutions.
Aqtual, Inc. (USA) raises $31M to support development of therapy-selection assays.
Series D Funding
Scopio Labs(Israel) adds $10M Series D extension, bringing total Series D to $52M, to expand its AI-powered digital cell morphology platform.
Avalyn Pharma(USA) secures $100M Series D to progress inhaled therapies for fibrotic lung disease.
MapLight Therapeutics, Inc.(USA) raises $372.5M Series D to advance muscarinic agonist ML-007C-MA in schizophrenia & Alzheimer’s psychosis, and grow its pipeline.
Private Funding & Series Rounds
cryoWrite(Switzerland) secures CHF 1.55M (~$1.7M) in non-dilutive funding to advance lab automation with generative AI.
Navinci (Sweden): €5.3M (~$5.7M) from existing owners and a strategic investment (Jonathan Milner, Meltwind).
Dash Bio (USA): $11M private funding for bioanalysis CRO expansion.
Equity & Convertible Notes
Quantum-Si(USA) prices a $50M registered direct offering of common stock.
Absci(USA) raises $50M public offering (with ~$14M more via ATM in August) to expand its generative AI antibody discovery platform.
Prime Medicine, Inc.(USA) completes a $144.2M underwritten public offering to advance prime editing programs.
Myriad Genetics(USA) secures a $200M credit facility with an initial $125M draw to support genetic testing expansion.
Tempus AI (USA) upsized its convertible senior notes offering to $650M.
Hologic, Inc. (USA): $1.17B Term Loan + $1.25B Revolving Credit Facility in amended refinancing agreements.
Government & Research Grants
Circular Genomics (USA) receives $250K ADDF grant for circular RNA Alzheimer’s diagnostics.
University of Oklahoma(USA) awarded $2.8M DoD grant to study Friedreich’s ataxia genetics.
LenioBio(Germany) awarded €3.7M EU4Health grant to scale its cell-free protein synthesis technology.
Proteomics International Laboratories Limited(Australia) secures A$6M (~$3.9M) from the Australian government & University of Western Australia for biomarker analysis platform development.
Aptitude Medical Systems(USA) receives $8.3M BARDA contract modification for avian influenza and $9M BARDA funding for rapid filovirus tests.
Excellent report as always Katie