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0 0 0.00155693950177937 0.00173487544483992 -0.000222419928825579 -0.000649466192170727 0.000222419928825579 0.010251334519573
Stock impact report

Generate Biomedicines IPO Turns Heads [Yahoo! Finance]

Sanofi - American Depositary Shares (SNY) 
US:NYSE Investor Relations: sanofi.com/en/investors
Company Research Source: Yahoo! Finance
getty A firm called Generate Biomedicines is making waves in pharma as a brand-new IPO re-inventing drug discovery. Debuting on February 27, the company sold 25 million shares at $16 each with the chance for additional funds, for a $400 million payday. A disclaimer here: I'm familiar with the backing company, Flagship Pioneering. Its founder, Noubar Afeyan, has visited the Imagination in Action events that I help to run more than once, and told us his story of working on covid for Moderna, along with the rest of what propelled him toward his entrepreneurial work. A core part of his approach to AI involves something he calls “polyintelligence,” which you can read about in prior coverage of some of his remarks , such as his address at an MIT commencement. It's fascinating. The Story of Generate Biomedicines: Does the Company Have a “Moat?” A key part of Generate's platform is GB-0895, an anti-TSLP antibody designed to treat severe asthma. The drug is currently in Phase 3 trials Show less Read more
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