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OpenAI announced the acquisition of Orchestra Bio, a four-year-old AI biotech software startup, to strengthen its biotech initiatives. The financial terms of the deal remain undisclosed, although Orchestra Bio had raised approximately $20 million by 2025 from investors such as Andreessen Horowitz, A...
This week, three IPOs and two SPACs were priced, with City Therapeutics leading the charge by pricing its upsized IPO at the midpoint, raising $200 million and achieving a market cap of $1.0 billion. The successful pricing of City Therapeutics is significant as it reflects investor confidence in th...
LG Chem has announced a significant investment of 15 trillion won (approximately $9.8 billion) in research and development by the year 2035. During a company-wide town hall meeting on Monday, CEO Kim Dong-choon revealed that 70 percent of this funding will be directed towards advancing materials for...
In April, eight companies from mainland China, including five biotech firms, successfully passed listing hearings on the Hong Kong stock market, enabling them to access the city's substantial liquidity. This influx features a diverse range of businesses, such as an AI-driven drug discovery company,...
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
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