Raising Biotech

In this episode, Surani explores the unconventional start-up story of Infinimmune, an antibody discovery company founded in 2022 by five former 10x Genomics scientists. Starting with a scientific hunch that advances in single-cell sequencing were revealing previously overlooked antibody biology, the team went from debating ideas in a tiny California office to raising a $12 million seed round in just three months. Four years later, Infinimmune has raised close to $90 million, built its own pipeline of antibody drugs and signed a multi-target discovery partnership with Merck worth up to $838 million. Surani speaks with co-founder and CEO Wyatt McDonnell about his journey from academia to 10x Genomics, the scientific observations that led him to question what he'd been taught about antibody biology, and why he ultimately decided there was a company to build around them. Wyatt discusses bringing together five former colleagues, raising capital early in his career, building Infinimmune's discovery platform, and how the team earned the trust of Merck. Timestamps 00:00 – From a scientific hunch to an $838M Merck deal02:00 – Infinimmune's human-first approach to antibody discovery04:00 – Wyatt McDonnell's journey from academia to 10x Genomics09:00 – How COVID changed the trajectory of Wyatt's research11:00 – Questioning the textbooks and uncovering overlooked antibody biology13:00 – Turning a scientific observation into a biotech company16:00 – Raising a $12M seed round in just three months17:00 – What investors made of five 10x scientists starting a company together21:00 – Building the platform much faster than expected22:00 – How Infinimmune built credibility with Merck25:00 – Landing a partnership worth up to $838M26:00 – The $75M Series A and what comes next27:00 – Partnerships, M&A, IPOs and thinking about an eventual exit For any comments, questions or feedback you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yurii Semchyshyn (Coma Media)

In this July summer episode, we slow things down again and revisit a conversation from the Raising Biotech archive. Today's episode is a replay from November 2023, featuring Synchron, a company developing implantable brain-computer interfaces (BCIs) to restore communication and digital independence for people living with severe paralysis. At the time, brain-computer interfaces sat somewhere between science fiction and early clinical reality. There were only a handful of companies pursuing implantable BCIs, and while the technology showed enormous promise, major questions remained around safety, regulation and commercial adoption. While there's still a long way to go, this episode is presented as a snapshot in time, a chance to revisit what we thought mattered in late 2023, what we knew and didn't yet know, and how quickly both the technology and the broader landscape have evolved. This episode is completely unedited, before the replay, Surani shares a short reflection on why it's worth listening back now. At the end of the episode, she briefly recaps some of the key developments since the original recording. Original recording date: November 2023 Intro & postscript recorded: July 2026 For any comments, questions or feedback you can connect directly with ⁠⁠⁠⁠Surani Fernando⁠⁠⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yurii Semchyshyn (Coma Media)

In this special Investor Spotlight edition of Raising Biotech, Surani sits down with Dr. Jakob Dupont, Executive Partner at Sofinnova Investments, to explore one of the most unusual career trajectories in biotech. Before becoming a venture investor, Dupont spent decades as a physician, cancer researcher, biotech executive, and drug developer, helping bring therapies from the laboratory all the way to patients. From Memorial Sloan Kettering to Genentech, Roche, OncoMed, Gossamer Bio and Atara Biotherapeutics, his career spans nearly every corner of the drug development ecosystem. The conversation explores what investors are really looking for when evaluating biotech companies, why unmet need and clinical strategy matter as much as the science itself, and how Sofinnova approaches investing in clinical-stage therapeutics. Dupont also shares examples from Sofinnova's portfolio, including Avenzo Therapeutics and Capstan Therapeutics, before discussing the future of biotech, the rise of new therapeutic modalities, AI-enabled drug development, and why the industry's next challenge may be developing medicines quickly enough to keep pace with innovation. Timestamps 00:00 — Introduction: Why this Investor Spotlight is different 02:00 — Growing up in a family of doctors and finding a passion for cancer research 04:00 — Leaving academia for Genentech and the transition into industry 05:00 — A career across Genentech, Roche, OncoMed, Gossamer Bio and Atara 06:00 — Why venture investing felt like a natural next step 10:00 — Sofinnova Investments: strategy, structure, and investing in clinical-stage biotech 15:00 — What investors really look for: unmet need, science, clinical strategy, and teams 19:00 — Avenzo Therapeutics: backing experienced operators and oncology innovation 22:00 — Capstan Therapeutics: betting on in vivo CAR-T before the market caught on 24:00 — The future of biotech, AI, and the challenge of accelerating drug development For any comments, questions or feedback you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yurii Semchyshyn (Coma Media)

In this episode, Surani explores one of biotech’s most controversial and ambitious frontiers: psychedelic medicine. At the center of the story is Compass Pathways, the London-based biotech attempting to bring synthetic psilocybin through the modern drug approval system for treatment-resistant depression. What began as a deeply personal mission for founders George and Katya Goldsmith has evolved into one of the most closely watched companies in mental health biotech, surviving both the psychedelic hype cycle and the broader biotech market crash. Surani speaks with CEO Kabir Nath to explore Compass’s unusual financing journey, the rise of institutional interest from investors like Otsuka Pharmaceutical, and the company’s pivotal Phase II and Phase III studies that may ultimately lead to the first FDA-approved psychedelic medicine. She is also joined by renowned neuropsychopharmacologist Professor David Nutt from Imperial College London to unpack the science, investor skepticism, regulatory concerns and implementation complexities surrounding psychedelics. Timestamps 00:01 — Introduction 02.00 — The Compass origin story: George and Katya Goldsmith, psilocybin, and building a biotech 07:00 — Early financing struggles, Peter Thiel, and why traditional biotech investors stayed away 08:30 — Otsuka, and the moment psychedelics entered the mainstream 11:00 — Compass IPOs into the biotech boom — then the market crashes 13:00 — The controversial Phase IIb results: remission rates, safety concerns, and investor backlash 21:00 — Kabir Nath joins Compass as CEO to launch the Phase III program 22:00 — Breaking down the Phase III data, durability questions, and FDA approval odds 26:00 — Lykos' FDA fiasco, psychotherapy, blinding debates, and the regulatory challenge for psychedelics 31:00 — Real-world rollout: J&Js Spravato, scalability, pricing, reimbursement, and Compass’s future vision Founders' Story: Business Insider Article After On podcast: For any comments, questions or feedback you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this episode, Surani takes a deep dive with experts into biotechs hottest new hype cycle -- GLP-1s. Over the past couple years, biotech investing has felt like it’s entering a new gravitational field, with GLP-1s at the center. Once a niche diabetes therapy, these drugs have evolved into a commercial juggernaut, hailed as everything from a “blockbuster weight loss pill” to a potential “longevity drug.” With Novo Nordisk and Eli Lilly raking in a combined $70 billion from GLP-1s in 2025 alone, the capital markets are responding in kind: mega Series A/B rounds, billion-dollar M&A deals, and a stampede of new startups chasing metabolic targets. But this momentum raises deeper questions, not just about science or market opportunity, but about what gets funded, what gets sidelined, and what kind of biotech future we’re building. In this episode, Surani traces the scientific and regulatory journey of GLP-1s -- From the Gila monster venom to global market domination -- and unpacks what this class of drugs tells us about the current state of biotech investing. She’s joined by three guests offering different vantage points: Jakob Dupont, Executive Partner at Sofinnova, Stephanie Sirota, Chief Business Officer at RTW Investments, and William Ho, CEO of In8bio and former investor and analyst covering GLP-1s. Together, they explore the promise and perils of capital clustering, how investors frame GLP-1s beyond weight loss, and what happens when you’re trying to raise money outside the hype. This is not just a story about one drug class, it’s a story about biotech’s risk tolerance, its blind spots, and the tension between commercial gravity and scientific breadth. Timestamps: 00:00 — Opening: The GLP-1 money trail and biotech’s new center of gravity 03:00 — What are GLP-1s and where did they come from? The Gila monster origin story 04:30 — From Byetta to Ozempic: early setbacks, FDA hurdles, and Novo Nordisk’s breakthrough 12:00 — The new investor wave: GLP-1s as de-risked, commercial mega-hits 16:30 — Beyond weight loss: The expanding promise of GLP-1s in other indications and longevity measures 20:00 — The muscle loss problem and the next wave of combo drugs 23:00 — William Ho on hype cycles and long-term unknowns 27:00 — Raising outside the magnet: the challenges for complex biotech 30:30 — Final reflections: the double-edged success of GLP-1s For any comments, questions or feedback you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this episode, Surani speaks with George Magrath, CEO of Opus Genetics, about the realities of leading a public biotech company through a major strategic pivot and intense market scrutiny. Opus Genetics emerged from a 2024 reverse merger between Nasdaq-listed Ocuphire Pharma and a private gene therapy company focused on inherited retinal diseases. What followed was a turbulent stretch for the company, including investor skepticism, a proxy fight led by Ocuphire’s original founder, and a stock price that fell below $1. George discusses his background as an ophthalmologist turned biotech executive, how he first encountered Opus while overseeing ophthalmology trials at Lexitas, and why he ultimately pursued the merger. The conversation also explores the company’s gene therapy pipeline targeting LCA5 and bestrophinopathies, the role of patient advocacy in ultra-rare disease development, and what it takes to advance clinical programs while navigating the pressures of the public markets. The company has a current market cap of $306 million, share price $4.45 (4 March 2026). Timestamps 00:00 — Introduction 03:00 — George Magrath’s unusual path from surgeon to biotech CEO 05:15 — First exposure to Opus during clinical trials at Lexitas 06:40 — The reverse merger with Ocuphire and strategic shift into gene therapy 09:40 — The March 2025 financing and investor skepticism 11:20 — The proxy fight led by Ocuphire founder Mina Sooch 12:40 — Gene therapy hype cycles and investor sentiment 16:00 — Patient advocacy, ultra-rare disease, and the Lindsey Rambo story 26:30 — What comes next for Opus: pipeline expansion and future vision For any comments, questions or feedback you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this episode, we focus on the personal journey of Sheila Gujrathi, a physician turned biotech builder whose career spans medicine, big pharma, rapid IPOs, and billion dollar exits. We explore what it takes to raise biotech across cycles, from early clinical development to public markets, and how Sheila navigated building companies while operating in environments where she was rarely the default. Surani speaks with Sheila about growing up as the child of Indian immigrant physicians, making unconventional career decisions, and learning to balance patients, capital, and leadership under pressure. They discuss her time at Genentech and Bristol Myers Squibb, her role in scaling Receptos through IPO and a $7.2 billion acquisition, the founding and listing of Gossamer Bio, and how those experiences shaped her perspective on leadership and led to her writing The Mirror Effect. 00:00: Introduction 01:45: Growing up as the child of Indian immigrant physicians and early expectations around medicine 04:50: Loss, identity, and the year in India that helped shape a personal North Star going into Medical School 10:30: Leaving clinical medicine and stepping into consulting and industry 15:45: Joining Receptos, building from the ground up, and the road to IPO and acquisition 22:50: Founding Gossamer Bio, raising private capital, and going public in just over a year 30:10: Reflection, writing The Mirror Effect, and building pathways for the next generation For more on Sheila's Book, click here For any comments, questions or feedback you can connect directly with ⁠⁠⁠Surani Fernando⁠⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this early-January episode, we slow things down, and reflect... Today’s episode is a replay from the Raising Biotech archive — a conversation originally recorded in November 2023 with eGenesis, a company working at the frontier of xenotransplantation, or transplanting genetically modified animal organs into humans. At the time, xenotransplantation sat somewhere between science fiction and early clinical reality. Advances in gene editing had made once-implausible biology feel suddenly within reach. But major questions around rejection, durability, ethics, and clinical scalability remained. This episode is presented as a time capsule — a chance to revisit what we thought mattered in late 2023, what we knew and didn’t yet know, and how slowly and incrementally frontier biotech stories tend to unfold. Before the replay, Surani shares a short reflection on why it’s worth listening back now. And at the end of the episode, Surani briefly outlines key milestones that have occurred since the original recording, including clinical progress and financing updates. Original recording date: November 2023Intro & postscript recorded: January 2026 For any comments, questions or feedback you can connect directly with ⁠⁠⁠Surani Fernando⁠⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this episode, we dive into one of the most universal aesthetic concerns on the planet: pattern hair loss. Despite affecting more than 80 million people in the US and over a billion globally, innovations in treatment have barely moved in decades. Veradermics is aiming to change that with an extended release formulation of oral minoxidil (the same active ingredient in Rogaine), designed to improve efficacy while avoiding the cardiac safety issues that limit current oral off-label use. Surani speaks with Dr Reid Waldman, dermatologist turned biotech founder and CEO of Veradermics, about his unusual path from the clinic to company building. Reid shares the origins of the company, key insights from treating hair loss patients, the scientific and market rationale behind the extended release approach, fundraising milestones, and the company's progress through Phase 2 and Phase 3 trials. Surani also speaks with Julie Hoggatt, Senior Principal at InThought, for an external lens to discuss how dermatologists are viewing the early data and the drug's potential path to an approval, launch and commercial success. Timestamps 00:01 – Introduction: the scale of pattern hair loss, emotional and social impact, and why innovation has stalled 02:30 – Reid’s elevator pitch on Veradermics and the extended release oral minoxidil program 06:30 – Reid’s story: accelerated education, dermatology training, and the clinical insight that sparked the company 09:30 – First funding support and shifting focus toward hair loss 12:30 – Fundraising: Series A to Series B to Series C and how investors evaluated a young founder CEO 15:30 – Why current off-label use of oral minoxidil falls short and the scientific rationale for an optimized extended release version 17:30 – Phase 2 male data: "striking" early hair count signals, patient reported outcomes, and safety observations 20:00 – The blinded retrospective photo analysis shown at EADV and what it suggests about early response 22:45 – Expert analyst Julie Hoggatt from InThought joins: how dermatologists are interpreting the data and what matters heading into Phase 3 26:00 – Female patients and dosing: hypertrichosis, tolerability concerns, and why female data will be important 29:00 – Pricing, access, willingness to pay, and how Veradermics could fit into the aesthetics market 31:00 – Competitive landscape: Pelage, market differentiation, and long-term positioning 34:00 – Veradermics pipeline beyond hair loss and future possibilities of an M&A, IPO or partnerships to grow. For initial press released data and photos, click here For any comments, questions or feedback you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this special on-the-ground episode of Raising Biotech, Surani takes you inside BIO-Europe 2025 in Vienna — the dealmaking, the caffeine, and the cautious optimism shaping Europe’s biotech landscape right now. Over three packed days, 6,000+ attendees from more than 60 countries gathered to broker partnerships, court investors, and debate what’s next for the industry. Surani attended panels, spoke with companies, investors and experts on the ground, and gives her observations and analysis. This episode includes a special conversation with Patrik Frei, CEO and Founder of Venture Valuation AG — who shares insights on valuations, investor behaviour, and why Europe might quietly be regaining its strategic importance. In this episode: How US pricing policy shifts are reshaping European biotech strategy China's growing dominance may require Europe to proactively collaborate What investors are really rewarding right now: proof over promise Why founders must raise with confidence and plan beyond the next milestone Exploring investor psychology and the quiet reset in European biotech Music featured in this episode: Wolfgang Amadeus Mozart — “Eine kleine Nachtmusik” (I. Allegro) and “Rondo alla Turca” (Turkish March). Both recordings are in the public domain, courtesy of GregorQuendel

In this episode, we dive into ReproNovo’s “trash to treasure” biotech story. Founded in Switzerland in 2021, the company is reimagining reproductive medicine, one of the most underserved areas in biotech, by reviving overlooked and discarded assets. Earlier this year, ReproNovo raised a $65M Series A from a syndicate of esteemed European investors to advance programs in male infertility, embryo implantation, and adenomyosis. CEO Jean Marie Duval reflects on her unconventional path from patent attorney to biotech CEO, why she and her co-founders put their own capital on the line, and how they convinced investors to back them without fresh data. We also talk about the unique hurdles of drug development in fertility, the challenge of designing and powering clinical trials, and why the next two years will be pivotal for ReproNovo to prove its vision of revival and hopes for a successful exit. Timestamps 00:00 – Introduction 02:00 – Jean Marie’s elevator pitch on ReproNovo 03:00 – Pipeline overview: RPN-001 and RPN-002, from Novartis/Mereo and ObsEva 06:00 – Jean Marie’s career journey: from biomedical engineer to patent attorney to pharma exec and biotech CEO 07:30 – Founding story: bootstrapping, co-founders, and the first in-license 10:00 – The 18-month grind: capital risk, grit, and courage 12:00 – Bringing in M Ventures and building the Series A syndicate 15:00 – Convincing investors in an under-served field 19:00 – Asset history: male infertility data signals, IVF trial failures, and fresh strategies 21:30 – Embryo implantation and adenomyosis: unmet need and opportunity 22:00 – Clinical trial plans: Phase II timelines, endpoints, and design challenges 26:30 – Safety vs efficacy: the importance of balancing risk in women’s health trials 28:30 – Trial recruitment and patient motivation 30:00 – Looking ahead: pivotal studies, Series B or big pharma exit For any comments, questions or feedback you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this episode, we look at AltruBio’s Cinderella story. While the company officially launched in 2020, its roots go back more than 20 years with a rich immunology pipeline stuck in “academic-style experiments.” On the brink of bankruptcy, a team of executives — including Dr. Judy Chou — stepped in to reboot the company, which has since raised nearly $300M. Judy reflects on her journey from med school in Taiwan to Ivy League colleges and senior roles at AbbVie and Bayer before taking the leap into biotech leadership. We talk about AltruBio’s bold pivot into autoimmune disease, how Judy successfully convinced investors to save a sinking ship, her IPO visions for the company, and her mission to keep patients the priority. With Phase IIa ulcerative colitis data expected later this year, the question remains: will this Cinderella story endure? Timestamps: 00:00 – Introduction02:00 – Judy’s journey: From to Ivy League and Big pharma all the way to biotech CEO 08:00 – Rebooting AltruBio: AB Genomics, rebrand, and pivot13:00 – Near-bankruptcy and the $63M Series A lifeline18:00 – Tough pipeline decisions: cutting staff, keeping one trial alive19:00 – GVHD data: survival benefit from 28 days to 180+ days20:00 – Building mode: second-generation antibody ALTB-26822:00 – Fundraising in tough markets and the $225M Series B25:00 – The unmet need in UC and promise of ALTB-26828:00 – Expansion potential beyond UC: dermatology, rheumatology, GVHD30:00 – Future outlook: IPO, partnerships, and Judy’s patient-first philosophy For any comments, questions or feedback you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

This episode of Raising Biotech takes a different turn — not just the story of a biotech, but of a partnership. Steve Butts, CEO of Arrivo BioVentures, and Dr. Dave Adair, Co‑Founder and Managing Partner of Solas BioVentures, have built ten companies together over nearly two decades. From Steve's first shaky startup pitch to Dave in San Francisco to major exits and a novel company‑building model, Surani explores their individual paths, their serendipitous meeting that kicked it all off, and the lessons they’ve learned along the way right up to their current venture, Arrivo BioVentures, which has raised over $100 million to be the first to tackle female depression. Timestamps: 00:00 – Intro to a different kind of story: a founder–investor partnership 01:21 – The dinner that started it all 02:32 – Steve’s path from Eli Lilly to biotech startups 03:39 – Dave’s journey from OB‑GYN to angel investor 05:04 – Writing that first $750K check 08:48 – First exit: proof of concept for the partnership 09:40 – Scaling the model: 10 companies, 5 exits 10:38 – Aerial Biopharma and its $400M deal 12:07 – Launching Arrivo with capital first, assets second 14:54 – Structuring for flexibility: two subsidiaries, two assets 17:16 – A loyal investor base outside the usual big funds 19:18 – Forvisirvat: a “happy accident” in women’s depression 21:49 – Dave on why this matters for postpartum depression 23:05 – Reframing failure and challenging women’s health blind spots 25:25 – $45M Series B and a 450‑patient trial with cognitive endpoints 27:23 – Strategic options: M&A, IPO, or both 29:39 – Big pharma potential and broad applications 30:39 – The next five years for Steve and Dave For any comments, questions, feedback or suggestions you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this episode, we go inside the creation of Xaira Therapeutics — the biotech startup that raised over a billion dollars at launch without a product or clinical data. Speaking with Vik Bajaj, CEO and co-founder of Foresite Labs (and one of the people behind Xaira’s creation), Surani explores how Xaira’s approach could redefine biotech company building, why it’s different from typical AI hype, and what makes it such a bold bet. We follow Vik’s journey from academia to Google to Grail, and then into biotech investing with Foresite Labs, uncovering how a unique incubator model led to Xaira’s launch. From the big idea to the billion-dollar financing, we unpack what’s really happening behind the headlines. Timestamps: 00:00 – Introduction: Why Xaira’s billion-dollar launch matters 01:00 – Vik Bajaj’s journey from academia to Google and Grail 04:00 – Moving from big tech to biotech: lessons and perspective 06:00 – Founding Foresite Labs and its unique model for biotech incubation 08:00 – Why data generation is key in biotech AI 09:00 – Foresite’s approach: building data, tools, and teams from scratch 11:00 – The origins of Xaira: ideation, science, and assembling the team 13:00 – Bringing in David Baker’s advanced protein design technology 16:00 – Early team building and leveraging Grail and Illumina networks 17:00 – Xaira’s $1B+ fundraising: why it happened and what it means 20:00 – Why Xaira needed so much capital up front 21:30 – What separates Xaira from other AI drug discovery companies 22:30 – The ambition to build a foundation model of the cell (GPT for biology) 23:00 – De novo design: creating antibodies from scratch 24:30 – Building products and platforms in parallel — not sequentially 26:00 – Where Xaira is today and Foresite’s ongoing role 27:00 – Vik’s vision for success: timelines and goals for Xaira 28:00 – Reflections: Can Xaira’s model really change how biotech is built? 29:00 – Outro: What to watch next, and how to support the podcast For any comments, questions, feedback or suggestions you can connect directly with ⁠⁠Surani Fernando⁠⁠ on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this bonus episode, Surani shares an honest update on what’s been happening behind the scenes at Raising Biotech, why Season 3 took longer than planned, and what to expect going forward. From reflections on building the podcast solo to plans for the future, it’s a candid check-in for listeners who’ve been waiting patiently — and a thank you to everyone who’s supported the journey so far. Support Raising Biotech via the Patreon Page.

In this episode of Raising Biotech, Surani finally delves into the scary zone of cancer with German biotech iOmx. The company has raised a total of EUR 115 million (Series A and B) since its inception in 2016 and is hoping to take immuno-oncology drug development to new heights. CEO Apollon Papadimitriou joins the podcast to speak about iOmx's unique mission with its iOTarg platform at the front and center, while scientific founder Professor Phillip Beckhove from the Regensburg Center of Interventional Immunology (RCI), also joins the conversation to take us back to iOmx's origins in the lab and what led his team to produce some groundbreaking research -- tackling tumor immune evasion -- which attracted heavy-hitter investors before the company was born. Apollon gives us details on ongoing clinical trials, detailed insight into some early and surprising efficacy signals coming out of the Phase I, and plans to initiate proof of concept (PoC) studies in various cancer indications. He also sheds more insight into imminent fundraising plans and potentially pulling the IPO trigger within the next two years. Jared Holz, Healthcare Equity Strategist at Mizuho also joins the podcast to give an outsider's take on iOmx's mission from a unique investor community lens. He discusses current gaps in the market, the potential attractiveness of iOmx pipeline and likely investor appetite should iOmx deliver compelling PoC datasets. Timestamps: 00:35 - Partner segment: Mindgram.ai 01:05 - CEO Apollon outlines iOmx's mission to level-up the field of immuno-oncology with its iOTarg platform 05:24 - Going back to iOTarg's origins with Professor Phillip Beckhove and tackling tumor resistance 08:55 - Presentation at AACR 2015 drew investor and pharma interest and led to €40 million Series A 11:04 - Early days of iOmx, Apollon's background and decision to join the company 13:47 - Animal data and biomarker drive investor interest 18:40 - Progress with lead product OMX407 in Phase I trials and surprising early efficacy signals 24:12 - Jared Holz gives his outside take on iOmx's potential amidst crowded and challenged IO landscape 26:50 - iOmx's near-term plans for Series C and potential IPO within 2 years 28:00 - Future strategic predictions and company visions for the future This episode is partnered with Mindgram.ai, a research tool powered by AI to better serve the biopharma community. Listeners of the Raising Biotech podcast are able to get an exclusive free trial of Mindgram via this link, using the code: raisingbiotech24 For any comments, questions, feedback or suggestions you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Title music composed by: Yrii Semchyshyn (Coma Media)

In this episode of Raising Biotech, Surani delves into the world of CNS and Parkinson's disease with Cerevance. CEO Craig Thompson joins the podcast to speak about Cerevance's unique mission and use of its NETSseq platform to develop more targeted precision medicines for CNS diseases, particularly targeting the GPR6 receptor in Parkinson's disease. He speaks about the company's origins, its unique financing journey (close to $200 million since inception), what drove him to join during the company's growth phase, plans for upcoming clinical trials as well as a potential near-term IPO. Expert neurologist Dr Karl Kieburtz, the founder of advisory firm Clintrex and Professor in Neurology at the University of Rochester Medical School gives us his take on the general Parkinson's unmet need and Cerevance's unique mission to go beyond targeting the dopaminergic pathway. As a company advisor, Karl has a good understanding of the NETSseq platform and how targeting GPR6 might make a meaningful difference for Parkinsons' patients, but he also illustrates what challenges Cerevance will have to carefully navigate to avoid a crowded Parkinson's graveyard. Timestamps: 00:35 - Partner segment: Mindgram.ai 01:05 - Background on Cerevance's work in Parkinson's disease with its proprietary NETSseq platform 05:48 - Going beyond targeting the dopamine pathway to the GPR6 receptor - releasing the "break" on movement. 07:00 - Cerevance's origin story - Brad Margus and creating NETSeq with scientists from Rockefeller University 08:00 - Initial fundraising journey, CEO transition in growth phase and strategic financing for an eventual IPO 12:50 - Convincing investors on a intriguing yet scary CNS space riddled with failures 16:40 - CNS expert Dr Karl Kieburtz explains why Parkinson's is such a tough disease to treat and the original Levadopa breakthrough 18:50 - Scientific thesis of going beyond the dopaminergic pathway to tackle the GPR6 receptor 21:35 - Cerevance's clinical trial plans for CVN424 as a monotherapy and combination therapy with standard of care 24:13 - Navigating the many challenges associated with conducting a Parkinson's disease clinical trial 26:02 - Pricing considerations and benchmarks for "off-time" and non-motor improvement for successful reimbursement 29:45 - Cerevance's eventual wish to IPO and potential inflection points to pull the trigger 31:20 - Future visions for the company in 5 years time This episode is partnered with Mindgram.ai, a research tool powered by AI to better serve the biopharma community. Listeners of the Raising Biotech podcast are able to get an exclusive free trial of Mindgram via this link, using the code: raisingbiotech24 For any comments, questions, feedback or suggestions you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Music composed by: Yrii Semchyshyn (Coma Media)

In this episode of Raising Biotech, Surani learns that it's never too late to launch a biotech as Sparrow Pharmaceuticals was born when its founder, Dr David Katz, was ready to retire. During his long career within big pharma, David had always had his eye on solving the 75-year old puzzle of steroid side-effects. The company raised $50 million in its Series A in 2020, and now has three clinical trial programs ongoing for its HSD1-inhibitor in Cushing's Syndrome, Autonomous Cortisol Secretion (ACS) and polymyalgia rheumatica (as a gateway to a broad range of inflammatory diseases) in combination with common steroid prednisolone. David discusses his decision to pursue this endeavor when he "should" have been retiring, challenges in getting drug licenses and investor interest, as well as plans to release Phase II data in 2024. Surani also speaks with Dr Peter Merkel, Chief of Rheumatology at the University of Pennsylvania as well as Dr Leon Henderson-MacLennan, Co-founder at InThought Research and former medical internist, to get more context on the drug's potential in each indication and nuanced considerations for positioning the drug in the current treatment paradigm. Timestamps: 00:35 - Partner segment: Mindgram.ai 01:05 - Background of Sparrow Therapeutics and tackling cortisol imbalances in Cushing's Syndrome and ACS 05:34 - Sparrows mission to tackle the side-effects of common synthetic steroids for inflammatory diseases 07:50 - David's big pharma background and his light bulb moment around HSD-1 inhibitors for glucocorticoid excess 10:30 - The decision to start a new biotech venture at a time when David was "technically" ready to retire 12:05 - Negotiating an out-licensing deal with big pharma and pitching to investors to secure $50 million in 2020 16:40 - Dr Peter Merkel talks about the HSD-1 inhibitor potential in broad and common inflammatory diseases 22:00 - Dr Leon Henderson-MacLennan gives his outside view tackling the common and significant steroid issue 23:15 - Fitting into the existing treatment paradigm of inflammatory diseases and tricky commercial considerations 25:45 - Deciding to pursue Cushing's Syndrome to nab investor attention with a "buzz word" 27:35 - Where the drug fits in the Cushing's paradigm and driving awareness around under-diagnosed ACS 29:15 - Tackling the tough question of pricing in three distinct indications with an existing treatment paradigm 31:20 - Ongoing Phase II clinical trials, plans for readouts later in 2024 32:00 - Sparrows plans to raise more funds and future visions for the company - M&A or IPO This episode is partnered with Mindgram.ai, a research tool powered by AI to better serve the biopharma community. Listeners of the Raising Biotech podcast are able to get an exclusive free trial of Mindgram via this link, using the code: raisingbiotech24 For any comments, questions, feedback or suggestions you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Music composed by: Yrii Semchyshyn (Coma Media) Hosted on Acast. See acast.com/privacy for more information.

In this episode of Raising Biotech, Surani explores the fascinating world of vision restoration and optogenetics with Ray Therapeutics. The company raised an oversubscribed $100m Series A in May 2023, which was particularly noteworthy during a extremely grim year for fundraising. Surani speaks with CEO and Co-Founder Paul Bresge about how his daughter's retinitis pigmentosa diagnosis drove him to enter the biotech world. He discusses meeting Co-founder Sean Ainsworth and seeing groundbreaking experiments in blind mice from inventor Dr Zhuo-Hua Pan that lead to the formation of Ray. He also talks about what drew investors to Ray's mission, its clear regulatory path forward (first in retinitis pigmentosa patients followed by Stargardt disease and geographic atrophy) and visions for the company's future. Surani is also joined by renowned optogenetics leader Dr José-Alain Sahel, Distinguished Professor, Department of Ophthalmology, University of Pittsburgh School of Medicine, to talk about Ray's scientific foundations, early data, theoretical safety/efficacy profile and potential to make a meaningful impact in late-stage retinal disorder patients with close to no vision. Timestamps: 00:35 - Partner segment: Mindgram.ai 01:05 - Background of Ray Therapeutics and focus on late-stage retinal diseases 04:30 - CEO Paul Bresge's backstory, personal motivations to enter the biotech world 07:30 - Formation of Ray Therapeutics in 2021 with Co-founder and Chairman Sean Ainsworth 09:50 - Leveraging breakthrough science from inventor and optogenetics pioneer Dr Zhuo-Hua Pain 11:00 - How Ray was able to attract investors and secure an oversubscribed $100m Series A 16:40 - Dr José-Alain Sahel gives his take on Ray's early data and scientific potential 19:45 - Ray's plans to get the drug into Retinitis Pigmentosa patients and regulatory pathway 26:50 - Safety benchmarks and meaningful efficacy outcome measures 38:20 - Optogenetics competitive landscape and Ray's potential edge 29:00 - Future financing goals and the company's longer term vision This episode is partnered with Mindgram.ai, a research tool powered by AI to better serve the biopharma community. Listeners of the Raising Biotech podcast are able to get an exclusive free trial of Mindgram via this link, using the code: raisingbiotech24 For any comments, questions, feedback or suggestions you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Music composed by: Yrii Semchyshyn (Coma Media) Hosted on Acast. See acast.com/privacy for more information.

In this episode of Raising Biotech, Surani explores the truly unique story of Fauna Bio -- a female trio founding team that is studying evolution and the intersection of animal and human genomics to unlock powerful new therapeutics to treat complex human diseases. The company has raised a total of $19 million in financing since its inception (2018), but most recently made headlines for its $494 million collaboration with Eli Lilly to study obesity drugs. Ashley Zehnder, CEO and co-founder talks about her academic beginnings as a veterinarian and serendipitously meeting her fellow co-founders in her post-doctoral group at Stanford. She talks about their fundraising journey, getting through investor doors and how the company hopes to take its novel thesis into the clinic. Surani is also joined by Professor Elinor Karlsson, Director of the Vertebrate Genomics Group at the Broad Institute of MIT and Harvard to give more context on how studying different mammalian species and evolution can give scientists clues to treating common human diseases. She also discusses the significance of artificial intelligence and machine learning in allowing this thesis to shine. Timestamps: 00:35 - Partner segment: Mindgram.ai 01:05 - Background of Fauna Bio and animal biology thesis 04:01 - CEO Ashley Zehnder's backstory and company formation with Linda Goodman (CSO) and Katie Grabeck (COO) 07:45 - Fauna's first kick-start with the Longevity fund accelerator 09:01 - Fauna's seed financing journey and attracting investors with curiosity 15:10 - Professor Elinor Karlsson (MIT/Harvard) gives some context on Fauna's unique scientific thesis 18:50 - The era of AI/ML making this prime time for exploring Fauna's thesis 22:30 - Partnerships and pipeline: initial focus on cardiopulmonary and obesity assets 29:00 - Challenges ahead for the company to navigate 31:25 - Future mission and visions for the company This episode is partnered with Mindgram.ai, a research tool powered by AI to better serve the biopharma community. Listeners of the Raising Biotech podcast are able to get an exclusive free trial of Mindgram via this link, using the code: raisingbiotech24 For any comments, questions, feedback or suggestions you can connect directly with Surani Fernando on LinkedIn or email: raisingbiotech@gmail.com Music composed by: Yrii Semchyshyn (Coma Media) Hosted on Acast. See acast.com/privacy for more information.