Team S on Newnex: Formation Bio, an AI-powered drug development…

Formation Bio, an AI-powered drug development startup based in New…

Team S · 2024-07-04T05:05:43.000Z

Formation Bio, an AI-powered drug development startup based in New York, raised $372 million in a Series D round led by Andreessen Horowitz, with participation from Sanofi and other investors. Founded to streamline the drug development process using AI, the company aims to accelerate clinical trials and improve data management. The funding will enhance their AI platform and support the acquisition of new drug candidates. Formation Bio is valued significantly higher than its previous $1 billion valuation https://siliconangle.com/2024/06/26/ai-powered-drug-development-startup-formation-bio-raises-372m/

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Team S on Newnex: Formation Bio, an AI-powered drug development…