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Samumed, a $12 billion startup that wants to cure baldness and smooth out your wrinkles, just released promising data on its lead drug to treat osteoa...
The results show that the company's drug worked in two doses to reduce pain and increase function in patients with osteoarthritis, a common form of arthritis in which cartilage wears down over time.
Samumed, a $12 billion startup that wants to cure baldness and smooth out your wrinkles, just raised even more funding as it plots an IPO
Samumed, a San Diego-based biotech is one of the highest valued healthcare startups in the US with a $12 billion valuation. On Monday, the company raised an additional $438 million, bringing its total funding to $650 million.
BI PRIME: In 2018, healthcare startups have raised $15 billion in funding, the most raised in the first half of the year in the last decade. By July, a new crop of unicorns — startups with valuations over $1 billion — were born, while others increased their already billion-dollar valuations.
BI PRIME: From companies harnessing the plant microbiome to buzzy biotechs working on cutting-edge technology, here are the unicorns to keep an eye on in 2018.
According to a report from Goldman Sachs, venture capital in companies pursuing regenerative medicine increased to $807 million in 2016.
A $12 billion startup you’ve probably never heard wants to cure baldness and smooth out your wrinkles
Samumed is developing anti-aging treatments while raising eyebrows about the company's promises and secrecy.
Samumed CEO Osman Kibar spoke to CNBC about its valuation and the company's goal to provide "disease-modifying" treatments.