🧬 17% Genomics Drop & $50M+ Funding Day
For over 5 years, HolonIQ has been tracking and analyzing Impact Capital Markets, Foundations and Philanthropies, Venture and Growth Capital, Private Equity and Public Markets.
Now, with more than 50 stock indices being tracked, we're kicking off 2024 with a new daily newsletter for data-driven, global leaders looking to understand trends in strategic industries.
Today's Topics
- 📉 Genomics Index. 17% drop in Genomics Index
- 💰 Funding. Burro raises US$24M + Other deals in climate and health
- 💼 Acquisitions. Livestock Data, Sterilization and African Metals
- 📅 Economics. Trade, GDP and Inflation data coming up
Have feedback or ideas for us? Email hello@holoniq.com — we'd love to hear from you!
📉 Genomic sees a 17% Drop in Index
HolonIQ Genomics Index: Overall, the index has a strong negative trend, having dropped by almost 17% since June 2023. Excision BioTherapeutics, a biotechnology company, tested a gene-editing therapy (CRISPR), on three patients on October 27 with the goal of eliminating HIV. Furthermore, the first CRISPR therapy for sickle cell disease was authorized by the US Food and Drug Administration on December 8, 2023. Exa-cell therapy, developed by Vertex and CRISPR Therapeutics, modifies a gene important to red blood cells. Additionally, Royalty Pharma, which leveraged its business strategy of acquiring medication royalty rights to gene therapy, caused an increase in the index's performance by entering into an agreement to own a portion of future sales of Ferring Pharmaceuticals’ new bladder cancer treatment, Adstiladrin. However, amidst these developments, the Index continued on its overall downward trajectory during this period.
💰 Funding
🚗 Burro, a Philadelphia-based autonomous mobility company, raised a $24M Series B from Catalyst Investors and Translink Capital. The funds are likely to support the company's growth in the autonomous mobility sector.
🌱 SQIM, an Italy-based biomaterials company specialized in EU/ITA material innovation, raised a $12M Series A from CDP Venture Capital, to support the organization to grow its industrial operations, broaden its team, and strengthen its focus on research and development initiatives.
🔬 FA Bio, A Harpenden-based bio-tech company, raised a $6.7M from Clean Growth Fund and Pymwymic which will support its mission and ongoing research operations.
🧬 Via Scientific, a Cambridge-based multi-omics platform, raised a $5M Seed from G20 Ventures and Innospark Ventures to Accelerate the Pace of Life Sciences Discovery.
💼 Acquisitions
🌾 Ever.Ag, a Texas-based agtech company, has acquired PrairiE Systems, a Spencer-based company which provides web based data management applications for the livestock industry.
🧬 Allentown, a New Jersey-based biotech company, acquired ClorDiSys Solutions, a New Jersey-based provider of Chlorine Dioxide-based solutions for sterilizing and decontaminating vivariums, laboratory equipment and medical devices.
⛏️ Aterian Plc. (LSE:ATN), a UK based miner, has entered a share purchase agreement to acquire a 90% stake in Atlantis Metals, an Africa-based metal exploration company.
📅 Economic Calendar
This week, anticipate key economic indicators focusing on Balance of Trade, GDP, and Inflation.
Thursday, January 11th 2024
🇦🇺 Australia - Balance of Trade, November
🇺🇸 US - Core Inflation Rate MoM, December
🇺🇸 US - Core Inflation Rate YoY, December
🇺🇸 US - Inflation Rate MoM, December
🇺🇸 US - Inflation Rate YoY, December
Friday, January 12th 2024
🇨🇳 China - Inflation Rate YoY, December
🇨🇳 China - Balance of Trade, December
🇬🇧 UK - GDP MoM, November
🇺🇸 US - PPI MoM, December
Monday January 15th 2024
🇩🇪 Germany - Full Year GDP Growth, 2023
Tuesday January 16th 2024
🇦🇺 Australia - Westpac Consumer Confidence Change, January
🇬🇧 UK - Unemployment Rate, November
🇩🇪 Germany - ZEW Economic Sentiment Index, January
🇨🇦 Canada - Inflation Rate YoY, December
Wednesday January 17th 2024
🇨🇳 China - GDP Growth Rate YoY, Q4
🇨🇳 China - Industrial Production YoY, December
🇬🇧 UK - Inflation Rate YoY, December
🇺🇸 US - Retail Sales MoM, December
Thursday January 18th 2024
🇺🇸 US - Building Permits Prel, December
🇯🇵 Japan - Inflation Rate YoY, December
🇬🇧 UK - Retail Sales MoM, December
🇺🇸 US - Michigan Consumer Sentiment Prel, January
Friday January 19 2024
🇯🇵 Japan - Inflation Rate YoY, December
🇬🇧 UK - Retail Sales MoM, December
🇺🇸 US - Michigan Consumer Sentiment Prel, January