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Bio Roundup: So Long Celgene, RNAi’s Arrival, Pharma in 2020 & More

Xconomy

Bristol-Myers Squibb this week completed its acquisition of Celgene, a $74 billion deal that creates a pharmaceutical juggernaut. And all it took was the largest asset sale ever required by federal antitrust regulators.

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Biotech Roundup: BIO on Racism, AbbVie Antibodies, IPO Surge & More

Xconomy

At the start of 2020 thousands of biotechies anticipated spending the second week of June in San Diego, hobnobbing at the annual conference hosted by the Biotechnology Innovation Organization. Instead, attendees from 64 countries spanning 28 times zones convened online this week for the first-ever virtual BIO International Convention.

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Venture capitalists ‘like and subscribe’ to influencers

TechCrunch LA

First it was street-style photography, then came the launch of her popular fashion blog WeWoreWhat. She created and launched an overall brand and a swim collection , then came the book deal ( “This is Not a Fashion Story: Taking Chances, Breaking Rules, and Being a Boss in the Big City” is expected out May 2020).

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Startups Weekly: Upfront Ventures bets on a bus service

TechCrunch LA

Airbnb, for its part, filed a press release this week confirming its plans to go public in 2020. billion in a round led by the private equity firm GPI Capital this week. Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts , Overcast , Spotify , and all the casts.

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Biopharma Execs Remain Optimistic Despite Political Headwinds

Xconomy

Nevertheless, senior figures remain optimistic about the industry’s prospects in 2020. Nearly half of respondents believe that political and policy uncertainty present the greatest risks in 2020, with the latest Brexit developments and approaching UK and US elections seeing concerns around political volatility growing.

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California Accelerators Enroll Startups Targeting Cannabis Industry

Xconomy

By 2020, the cannabis industry is projected to hit $21.8 In San Diego, Gomez said each startup that enrolls in the accelerator program gets a $20,000 investment that encompasses seed capital, office space, and mentoring services in exchange for an equity stake that ranges from 6 percent to 9.5