50 of the best-funded biotechs of 2023

[Adobe Stock]

As the year draws to a close, it is clear that molecular science and diagnostics is the hottest funding area in the biotech industry. In an analysis of 50 of the best-funded biotechs of 2023 focused on human health, molecular and science and diagnostics startups collectively attracting roughly $945 million, dwarfing the figures in other segments. The next popular two niches, gene therapies and oncology, had average funding levels of approximately $245 million and $170 million, respectively. While AI has received a significant amount of attention this year, biotechs specializing in that field garnered an average funding of only about $66 million. Outside of the life sciences, startups with a broader focus on AI raised a cumulative average of $202.47 million, based on an analysis of close to 1000 companies.

Caris Life Sciences has raised nearly $1.7B to date

In terms of best-funded companies overall,…

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Codagenix taps synthetic biology and machine learning in vaccine development

[Image courtesy of Production Perig/Adobe Stock]

In the quest to outsmart viral foes such as SARS-CoV-2, RSV and influenza, Codagenix, a clinical-stage biotech firm based in Farmingdale, New York, has engaged a unique arsenal: the intersection of synthetic biology and machine learning. Their weapon of choice is a blend of live-attenuated virus design and codon deoptimization technology. Their process involves introducing mutations or ‘bad codons’ into the virus to slow its replication rate in the human host, thus converting it from a deadly pathogen into a live attenuated vaccine.

A machine learning-aided algorithm meticulously guides this process, ensuring the modifications are safe and effective. “We recode the DNA of a virus to slow down the rate of translation in the human host cell,” said J. Robert Coleman, the co-founder and CEO of Codagenix.

All viruses use the body to replicate t…

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