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BioWorld - Wednesday, December 10, 2025
Home » Topics » Newco news

Newco news
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Helfie skin cancer

Helfie AI partners with Microsoft to democratize health care

Oct. 30, 2024
By Tamra Sami
Mobile health platform company Helfie AI has partnered with Microsoft to offer Microsoft enterprise customers the ability to license Helfie’s cutting-edge health assessment tools directly through the Microsoft Azure Marketplace.
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Person holding stomach in pain
Newco news

Hope for endometriosis as HMI-115 reduces pelvic pain by 50%

Oct. 29, 2024
By Tamra Sami
Hope Medicine Inc. reported positive interim results for monoclonal antibody HMI-115 in a phase II endometriosis trial that saw the mean non-menstrual pelvic pain score reduced by 50%. “HMI-115 is a prolactin receptor blocker, and we're using it to treat endometriosis and some other diseases. It is a first-in-class new mechanism to treat endometriosis,” Hope Medicine CEO Nathan Chen told BioWorld.
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IR machine learning
Patents

IR spectroscopy, machine learning combine for cancer diagnosis

Oct. 28, 2024
By Simon Kerton
The third PCT family of patenting to emerge from IR Medtek LLC, and its first as the sole named assignee, sees its CEO, Douglas Cohen, continue to build protection for the company’s platform which uses a light detection technology and machine learning to improve the accuracy of cancer diagnosis.
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Person holding stomach in pain
Newco news

Hope for endometriosis as HMI-115 reduces pelvic pain by 50%

Oct. 24, 2024
By Tamra Sami
Hope Medicine Inc. reported positive interim results for monoclonal antibody HMI-115 in a phase II endometriosis trial that saw the mean non-menstrual pelvic pain score reduced by 50%. “HMI-115 is a prolactin receptor blocker, and we're using it to treat endometriosis and some other diseases. It is a first-in-class new mechanism to treat endometriosis,” Hope Medicine CEO Nathan Chen told BioWorld.
Read More
Nanocube Health tech

Nanocube’s nanorobots to revolutionize cancer diagnosis, treatment

Oct. 23, 2024
By Tamra Sami
Nanocube Health Ltd. is developing accessible, low-cost nanorobots that could revolutionize diagnosis and treatment of hard-to-diagnose cancers, with pancreatic cancer being the initial focus.
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Gold dollar sign and blue circular arrows

Seaport sailing to the clinic with a $225M series B

Oct. 21, 2024
By Lee Landenberger
Seaport Therapeutics Inc. has followed up its recent fundraiser with an oversubscribed $225 million series B financing that will help set it on the path to a phase IIb study in major depressive disorder. The company’s lead candidate is allopregnanolone, an endogenous neurosteroid that is taken orally and bypasses the liver. Once it is absorbed through the lymphatic system, allopregnanolone enters through a pathway that avoids the liver and the possibility of hepatoxicity and elevated liver enzyme counts, Michael Chen, Seaport’s chief scientific officer, told BioWorld.
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Cerathrive
Patents

Cerathrive’s light therapy improving brain and gut health

Oct. 21, 2024
By Simon Kerton
In what represents the first patenting from Cerathrive Ltd., its co-founder and CEO, Sarah Turner, describes their development of the Cera system, which they claim to be the first and only U.S. FDA-cleared red-light device that targets the gut-brain axis to improve focus and energy levels.
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John Maraganore, co-founder and executive chair, City Therapeutics
Drug design, drug delivery & technologies

Alnylam’s founder brings in a $135M series A for City Therapeutics

Oct. 14, 2024
By Lee Landenberger
The founding CEO of Alnylam Pharmaceuticals Inc. is now leading the charge with newly launched City Therapeutics Inc., which just completed a $135 million series A financing. City’s executive chair, John Maraganore, will be in familiar territory as the new company plans to develop RNAi-based medicines using next-generation siRNA engineering. He expects dozens of these therapies to reach the market in a relatively short period of time, not just from City Therapeutics but from other companies. It’s a period in the development timeline that he finds reminiscent of the rise and development of monoclonal antibodies.
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John Maraganore, co-founder and executive chair, City Therapeutics
Newco news

Alnylam’s founder brings in a $135M series A for City Therapeutics

Oct. 11, 2024
By Lee Landenberger
The founding CEO of Alnylam Pharmaceuticals Inc. is now leading the charge with newly launched City Therapeutics Inc., which just completed a $135 million series A financing. City’s executive chair, John Maraganore, will be in familiar territory as the new company plans to develop RNAi-based medicines using next-generation siRNA engineering. He expects dozens of these therapies to reach the market in a relatively short period of time, not just from City Therapeutics but from other companies. It’s a period in the development timeline that he finds reminiscent of the rise and development of monoclonal antibodies.
Read More
Illustration of 20S proteasome activation
Neurology/psychiatric

Booster launches with $15M, new approach in proteasome activation

Oct. 11, 2024
By Nuala Moran
Booster Therapeutics is ready to open up a new arm of the proteasome after raising $15 million in seed funding to advance small molecules it says can degrade multiple types of harmful proteins. Rather than tagging single disease proteins with a ubiquitin marker for degrading via 26S proteasomes, these compounds directly activate 20S proteasomes that naturally recognize disordered proteins without the need for ubiquitin tagging.
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