Tag: biotech
Nàdarra Ventures makes $20-million first close in new Canadian biotech fund
Backed by Farm Credit Canada and Natural Products Canada, fund target is $50 million. A new venture capital fund meant to tackle food insecurity…
Simmunome secures $2 million to make clinical trials more efficient with AI |BetaKit
Montréal startup’s backers include Theodorus, Eurêka, BKR Capital, Sandpiper, and ACET Capital. Clinical trials can be time-consuming, expensive, and suffer poor success rates. Using…
Deep Genomics adds life sciences veteran as CEO to support its evolution into biopharma firm
Brian O’Callaghan to lead Toronto firm as founder transitions to chief innovation officer. Toronto-based artificial intelligence (AI) drug development startup Deep Genomics has hired…
After buying Cyclica and Valence, Recursion secures $50 million USD from Nvidia for drug discovery
Recursion, a US-based biotech firm, opened a new Canadian headquarters in Toronto last month. Computing giant Nvidia has invested $50 million USD in Recursion…
H|T: The Healthtech Times – Canada’s latest big biotech exit
Plus: Google Lens can now search for skin conditions. The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the…
AbCellera receives $300 million in combined government funding for biotech campus
The $701-million project aims to build a “state-of-the-art” campus, add 400 jobs. Vancouver-based biotechnology firm AbCellera has received significant provincial and federal backing in…
American biotech Recursion acquires two Canadian AI drug-discovery companies, Cyclica and Valence
“Policymakers should look to understand why so many promising tech companies choose to sell themselves.” An American biotech company is acquiring Cyclica and Valence…
MaRS, adMare BioInnovations launch new biotech accelerator for early-stage ventures
New accelerator will provide valuable lab space, mentorship. A new Toronto-based accelerator is opening to help early-stage Canadian biotech ventures overcome fundamental barriers, such…
Meet the biotech startup that received funding from both Garage Capital and Maple Leaf Foods
Kitchener-Waterloo-based Evolved Meats claims that from only a few cells it can grow “whole cuts of real meat from any animal.” Evolved Meats (formerly…