Robert Lawrence Jr.’s Post

This is an insightful and timely article. According to a recent analysis published by Cruchbase, based on data through May 2024, the amount of capital raised through Series A funding for biotechs is expected to rise above last year's total, but fewer companies are actually receiving the investments. The projected # of biotechs receiving Series A for FY2024 is projected to be ~20% lower than 2023 and ~40% lower than 2019 / 2020. With fewer companies receiving larger amounts of capital, there is a significant funding gap and a tremendous opportunity for organizations, like Blackbird Laboratories and the others mentioned in this article, to identify promising research, leverage their technical expertise to de-risk early development pitfalls and to accelerate the development of novel and valuable medicines. #Innovation #Entrepreneurship #Biotech

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Bringing public and private sectors together to advance life sciences

Over the past few months, Jun Axup, Amanda Cashin, PhD, Diana Joseph, Will Richardson and I have been teaming up to learn more abut a trend in life science that only seems to be growing: the emergence of new models to fund and accelerate life science innovation. These new innovation models are making a splash - including recent accouncements from Chan Zuckerberg Biohub Network, Arc Institute, Convergent Research, Blackbird Laboratories, Advanced Research Projects Agency for Health (ARPA-H), Arcadia Science, Arena BioWorks. It's clear these new models are fueled by significant capital and exceptional talent, and are already making an impact in life science innovation! To start a conversation, we wrote a post to explore why funders and innovators are creating new life science innovation models and how the field might collectively help them (and others) grow. Please reach out if you'd like to join! A special thanks to all who informed this, including Cassie Crockett, Erin Rist, Matt Tremblay, Ph.D., Eddie Cherok, Amy Ryan, James Joseph, Samuel Arbesman, and Jason Kreisberg!

New models of life science innovation are emerging: What can we learn and how can we help them grow?

New models of life science innovation are emerging: What can we learn and how can we help them grow?

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