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Roche is emphasizing the advantages of fixed-duration dosing for its bispecific therapies, Lunsumio and Columvi, in the competitive landscape against AbbVie/Genmab’s Epkinly for B-cell lymphomas. The outcome of ongoing Phase III studies may significantly influence market positioning.Meanwhile, Ken Mulvany has returned to lead BenevolentAI through a restructuring aimed at refocusing on its core strengths and plans to delist from Euronext Amsterdam. In another setback, Cervomed's shares plummeted nearly 80% after its lead product, neflamapimodin, failed in a Phase IIb trial for Lewy body dementia, raising questions among investors about the trial's shortcomings.
Archy has secured $15 million in Series A funding, led by Entrée Capital, to enhance its AI-driven, cloud-based automation platform for dental practices. The investment aims to address staffing shortages, outdated systems, and declining insurance reimbursements, enabling practices to improve efficiency and patient care. With this funding, Archy plans to integrate more AI and machine learning features, further streamlining operations for hundreds of dental practices across the US.
Fidelity Investments has launched its first venture capital fund, raising $250 million to invest in mid- to late-stage private companies, particularly in North American technology, media, and telecommunications. Despite managing only $18 billion in private companies, Fidelity aims to provide direct access to these investments, having already allocated $31 million to ten firms, including SpaceX and Anduril. Portfolio manager Karin Fronczke emphasizes that while this is a first-time fund, Fidelity has over 15 years of experience in private investments.
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