Google’s parent-company Alphabet has a birth to announce: a new company called Intrinsic which will focus on building software for industrial robots. The subsidiary will be one of Alphabet’s “other bets” — relatively speculative firms focusing on new technology like Waymo (self-driving cars), Wing (delivery drones), and Verily (healthcare and biotech). Details on what exactly…
Tag: biotech
Prime Medicine, The Next Gen Gene Editing Startup Raises $315 Million
Prime Medicine, a biotech startup working on a new approach to gene editing, has officially pulled back the curtain on the progress it has made since beginning operations last summer. The company “launched” on Tuesday, revealing it’s raised $315 million in short order from a large group of well-known biotech backers, including Arch Venture Partners,…
Biotech, Pharma boom in Hyderabad
The biotech industry, which has been anchored firmly by the Genome Valley project, has already been a major earner of foreign exchange (Rs 4,914 crore from pharmaceuticals, biotech, chemicals and allied chemicals) for the State. The number of biotech companies in Genome Valley now stands at 50. With the ongoing expansion of the third phase…
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