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I, too, wanted to express how devastated I am over losing our colleague Helen Branswell. She was kind, scrupulous, brilliant, and truly inspiring in action. Thank you, Helen.
The need-to-know this morning
- Privately held U.K. biotech OMass Therapeutics raised $310 million to support the clinical development of a drug to treat congenital adrenal hyperplasia, an inherited endocrine disorder.
- The investment firm Orbimed raised nearly $3 billion for two, new private equity funds that will invest in U.S, European and Asian health care companies.
Investor: China’s biotech boom threatens U.S. venture capital
From STAT’s Allison DeAngelis: The rise of Chinese biotech isn’t just impacting U.S. companies, one investor is warning. It’s threatening VC firms.