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AI-focused Formation secures Sanofi-backed $372M series D to license more drugs

Thread starter cafead
Start date Jun 26, 2024

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cafead

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cafead Jun 26, 2024 at 10:22: AM

via Megarounds have been few and far between in 2024, but Formation Bio has managed to draw in an impressive $372 million series D as the AI-focused biotech seeks to expand its pipeline.

AI companies like to promise the world, but Formation’s offering is more mundane.

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