Y Combinator to fund more academic spinouts developing small-molecule drugs

first_img SAN FRANCISCO — The startup incubator Y Combinator plans to fund more early-stage drug makers, with a partnership designed to bring academic spinouts developing small-molecule drugs into its famed accelerator program. And in a Silicon Valley twist, the compounds it’s backing will often be recommended by an algorithm.The push will start slowly, with only a handful of such startups expected to be accepted into Y Combinator’s winter 2020 batch of companies. But down the line? “If we get 50 great companies from [this partnership] applying to YC, we’ll fund all 50, no problem,” Jared Friedman, a partner at the incubator, told STAT. Log In | Learn More Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Tags biotechnologydrug developmentfinanceSTAT+ Y Combinator to fund more academic spinouts developing small-molecule drugs GET STARTED What’s included? By Rebecca Robbins April 29, 2019 Reprints Biotech STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What is it? Kristoffer Tripplaar/ Sipa USAlast_img read more

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