🧬 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

  • πŸ“‰ Genomics Index. 17% drop in Genomics Index
  • πŸ’° Funding. Burro raises US$24M + Other deals in climate and health
  • πŸ’Ό Acquisitions. Livestock Data, Sterilization and African Metals
  • πŸ“… Economics. Trade, GDP and Inflation data coming up

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πŸ“‰ 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.

πŸ’° Funding

πŸš— 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.

πŸ”¬ 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.

πŸ’Ό 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.

πŸ“… Economic Calendar

This week, anticipate key economic indicators focusing on Balance of Trade, GDP, and Inflation.

Thursday, January 11th 2024

πŸ‡¦πŸ‡Ί Australia - Balance of Trade, November
πŸ‡ΊπŸ‡Έ US - Core Inflation Rate MoM, December
πŸ‡ΊπŸ‡Έ US - Core Inflation Rate YoY, December
πŸ‡ΊπŸ‡Έ US - Inflation Rate MoM, December
πŸ‡ΊπŸ‡Έ US - Inflation Rate YoY, December

Friday, January 12th 2024

πŸ‡¨πŸ‡³ China - Inflation Rate YoY, December
πŸ‡¨πŸ‡³ China - Balance of Trade, December
πŸ‡¬πŸ‡§ UK - GDP MoM, November
πŸ‡ΊπŸ‡Έ US - PPI MoM, December

Monday January 15th 2024

πŸ‡©πŸ‡ͺ Germany - Full Year GDP Growth, 2023

Tuesday January 16th 2024

πŸ‡¦πŸ‡Ί Australia - Westpac Consumer Confidence Change, January
πŸ‡¬πŸ‡§ UK - Unemployment Rate, November
πŸ‡©πŸ‡ͺ Germany - ZEW Economic Sentiment Index, January
πŸ‡¨πŸ‡¦ Canada - Inflation Rate YoY, December

Wednesday January 17th 2024

πŸ‡¨πŸ‡³ China - GDP Growth Rate YoY, Q4
πŸ‡¨πŸ‡³ China - Industrial Production YoY, December
πŸ‡¬πŸ‡§ UK - Inflation Rate YoY, December
πŸ‡ΊπŸ‡Έ US - Retail Sales MoM, December

Thursday January 18th 2024

πŸ‡ΊπŸ‡Έ US - Building Permits Prel, December
πŸ‡―πŸ‡΅ Japan - Inflation Rate YoY, December
πŸ‡¬πŸ‡§ UK - Retail Sales MoM, December
πŸ‡ΊπŸ‡Έ US - Michigan Consumer Sentiment Prel, January

Friday January 19 2024

πŸ‡―πŸ‡΅ Japan - Inflation Rate YoY, December
πŸ‡¬πŸ‡§ UK - Retail Sales MoM, December
πŸ‡ΊπŸ‡Έ US - Michigan Consumer Sentiment Prel, January