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Nigerian e-health pharmaceutical distribution startup DrugStoc secures $4.4 million Series A funding, embarks on expansion drive

TechCrunch

The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as quality concerns; as fake and substandard products flood the market. Chibuzo Opara and Adham Yehia, the co-founders of DrugStoc, a tech-based pharmaceutical procurement platform.

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Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19

TechCrunch

Other heavy hitters in the world of medicine and biotechnology who are working with the company include Frances Arnold, the Nobel Prize-winning professor from the California Institute of Technology; George Barrett, the former chief executive of Cardinal Health; Susan Desmond-Hellmann, the former president of product development at Genentech; Kaye Foster, (..)

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Isomorphic inks deals with Eli Lilly and Novartis for drug discovery

TechCrunch

Isomorphic Labs, the London-based, drug discovery-focused spin-out of Google AI R&D division DeepMind, today announced that it’s entered into strategic partnerships with two pharmaceutical giants, Eli Lilly and Novartis, to apply AI to discover new medications to treat diseases. The deals have a combined value of around $3 billion.

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Real-Time Pharmaceutical Authorization

Confluent

Use Confluent data streaming platform to enable real-time pharmaceutical approvals – with healthcare compliance, improved patient safety, and automation for greater efficiency and cost savings.

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The Week’s 10 Biggest Funding Rounds: Cardurion Pharmaceuticals And Human Interest Nab Largest Raises

Crunchbase News

Cardurion Pharmaceuticals , $260M, biotech: Cardurion Pharmaceuticals led the way for biotech startups raising big money this week, as the Burlington, Massachusetts-based biotech firm raised a $260 million Series B financing led by Ascenta Capital. Notice anything missing? Yep, no huge AI raise.

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YC-backed Remedial Health raises $1 million pre-seed to digitize pharmacies in Nigeria

TechCrunch

Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the rest of Africa. Image Credits: Remedial Health. They are also planning to extend their reach in the regions that they are currently in.

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Hear how Cambrian BioPharma is reinventing drug (and drug company) development

TechCrunch

The startup Cambrian BioPharma is developing a life-changing technology while pioneering a radical approach to a pharmaceutical company. Cambrian BioPharma bills itself as a new pharmaceutical company with a revolutionary approach to developing and managing drug development. Register here. It’s free to watch and participate.