In the latest episode of Biotalk, Geoff Meyerson dives into our Q2 2024 Market Conditions Report. Biotech capital markets saw the XBI remain flat in Q2, with fewer IPOs but more capital for later-stage companies. Venture financing rebounded with $5.5 billion across 44 deals, underscoring the divide between companies able to raise capital and those struggling. Strategic transaction activity centered on Phase 2 companies and notable ex-US acquisitions. Locust Walk anticipates positive momentum, careful cash management, accessible non-dilutive capital, and a gradual recovery through 2024, leading to a stronger 2025. Listen to Biotalk here: https://lnkd.in/eh55-vmk Download Locust Walk’s Q2 2024 Market Conditions Report: https://lnkd.in/eZuFcVpG
Locust Walk
Investment Banking
Boston, MA 8,359 followers
Global investment bank integrating corporate development strategy & execution with capital raising for the life sciences
About us
Locust Walk is a global investment bank that integrates corporate development strategy and execution with capital raising for innovative life science companies. We support management and board members through all aspects of a deal – from clearly defining and assessing all options to developing company positioning and navigating through the full deal cycle from outreach to term sheet structuring to negotiating to close. Our suite of capabilities and data driven approach provides our clients with greater confidence on decision making, rapidly deployable full team, and seamless integration with our clients working as one global team. For more information or to contact a deal team member, please visit www.locustwalk.com.
- Website
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https://www.locustwalk.com/
External link for Locust Walk
- Industry
- Investment Banking
- Company size
- 51-200 employees
- Headquarters
- Boston, MA
- Type
- Privately Held
- Founded
- 2008
- Specialties
- Business Development, Strategic Planning, Commercial Analysis, Corporate Development, M&A, Capital Raising, IPO Advisory, and Company Formation
Locations
Employees at Locust Walk
Updates
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Congratulations to Locust Walk #client CytoReason for successfully raising an oversubscribed equity financing round of $80M. Locust Walk acted as a transaction advisor for CytoReason. The new funding will expand CytoReason’s disease models and proprietary data, enabling R&D leaders at partner companies to make strategic decisions with greater speed and precision. Read more here: https://lnkd.in/e4_vimxS Alongside our partnership on this year’s Align Summit, which focused on AI/ML, this transaction underscores Locust Walk’s commitment to supporting the AI sector on a global scale. To learn more about how we can help you achieve your corporate development objectives, visit www.locustwalk.com or reach out to a Locust Walk team member.
Exciting news at CytoReason! Today we’re announcing the closing of our Series B round, backed by some of the world's leading companies. Thank you, NVIDIA, Pfizer and Thermo Fisher Scientific – together with our existing partners at OurCrowd and Asymmetry Ventures – for this vote of confidence in our people, our technology, and our business. Why CytoReason, and why now? BECAUSE OF THE TECHNOLOGY “Over the last year, CytoReason has strengthened its platforms using NVIDIA’s latest accelerated computing and AI platforms, achieving more than 10x acceleration for inference workloads. Our continued collaboration with CytoReason will help enable more life sciences companies to benefit from CytoReason’s predictive clinical insights.” -- Kimberly Powell, Vice President and General Manager, Healthcare at NVIDIA BECAUSE OF THE DATA "Our investment in CytoReason underscores the significant potential of computational disease models to revolutionize data usage in pharma R&D. By combining Thermo Fisher’s vast data repositories and proven life sciences expertise with CytoReason’s AI technology, we aim to push the boundaries of what is possible in personalized healthcare.” -- Bhooshi De Silva, Head of Strategic Capital at Thermo Fisher AND BECAUSE OF THE POTENTIAL “The rapid expansion of new technologies, like artificial intelligence, holds tremendous potential to help transform what is possible in human health. Our collaboration with CytoReason leverages its cutting-edge immunology multiomics platform to augment Pfizer’s own R&D capabilities and generate invaluable insights into new drug development pathways for patients. -- Mikael Dolsten, Chief Scientific Officer and President, Worldwide Research, Development and Medical at Pfizer Read more about the raise here: https://lnkd.in/dU5YrCYp This is a gread day for CytoReason and the industry. Now let's get back to work!
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Our Q2 2024 Market Conditions Report highlights how there has been a substantial improvement in both the private and public biotech capital markets in H1 2024, with total deal value surpassing the total value for the entire year of 2023. However, the public markets remain challenging for earlier stage companies, and the IPO window remains largely closed, favoring later-stage companies with robust data and insider support. Download Locust Walk’s Q2 2024 Market Conditions Report to learn more about the biopharma landscapes: https://lnkd.in/eZuFcVpG
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Locust Walk is #hiring an Experienced Analyst for our #Boston office! If you're passionate about biopharma corporate development and thrive in a role that involves working with multiple clients simultaneously on both strategy and execution of transaction assignments, then this opportunity is perfect for you! Come #EnjoytheRide with us! Candidates must have 2-3 years of experience in a similar life science focused role; apply directly here: https://lnkd.in/eFPRsnCK #EnjoytheRide #nowhiring #careersearch #career #lifesciencejobs #biotech #biopharma #lifescience #bostonjobs
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Each quarter, Locust Walk's deal team compiles key statistics and trends on strategic transactions and financings. Our Q2 2024 Report applies the latest data to analyze current activities in the life sciences deal landscape. While the improvements in the biopharma private and public markets signal a continued positive recovery for H2 2024, the downturn in strategic deal making and reliance on future rate cuts suggest that the biotech recovery will continue to be a gradual process. Click here to download the report: https://lnkd.in/eZuFcVpG Next week, Locust Walk will release additional commentary on the present and future state of biopharma on our podcast, Biotalk. #biopharma #markettrends #lifesciences #global #deals #financing #strategictransactions
Q2 2024 Report: Global Trends in Biopharma Transactions - Locust Walk
https://www.locustwalk.com
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Locust Walk is pleased to welcome to the team Mark Diamond, a senior pharmaceutical executive with a demonstrated record of achievement and leadership throughout his over 30-year career in pharmaceuticals and biotech. Mark joins us as a Senior Advisor and will be sourcing new clients for Locust Walk in Australia and the EU. We are excited to have him on board and look forward to the contributions he will bring to our team.
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Locust Walk acted as the exclusive transaction advisor for Ascentage on their option deal with Takeda for $100M upfront, a minority equity investment, and a total of $1.3B in deal value. Congratulations to Dajun Yang, Jeff Kmetz, Thomas Knapp, Jason Fan and the rest of the Ascentage team. To learn more about how we can help you achieve your corporate development objectives, visit https://lnkd.in/exqxEqdt or reach out to a Locust Walk team member. #Biotech #Transactions #LicensingDeal #StrategicPartnerships #CrossBorder
Ascentage Pharma Signs Option Agreement with Takeda to Enter into Exclusive Global License for Olverembatinib, a Third-Generation BCR-ABL Tyrosine Kinase Inhibitor (TKI) - Ascentage Pharma
https://www.ascentage.com
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Biotalk is Locust Walk's podcast for biotech leaders. Missed any episodes? Tune in as we delve into trends, opportunities, and industry predictions based on key statistics. Our esteemed guests include Andrew Allen, Onaiza Jilani Cadoret-Manier, Jason Kelly, Howard Federoff, Helen Ho, Errik Anderson, Shehnaaz Suliman, M.D. (MB ChB), M.B.A., M.Phil., Soufiane Aboulhouda, Kendalle Burlin O'Connell, Esq., and Stephen Sands. Listen on Spotify here: https://lnkd.in/eQpkvSZy Listen on Apple Podcasts here: https://lnkd.in/e9DQFdAd We look forward to engaging in many more enlightening discussions with leaders from across the industry.
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At #BIO2024, there has been fascinating discussion around how AI is transforming R&D and business practices and its value. Locust Walk’s recent "Overview of AI in Biotech" report, underscores AI's profound influence on drug discovery and the pharmaceutical sector over the past five years, with AI-derived assets accounting for almost half of the preclinical pipeline. Moreover, AI-enabled drug firms embrace either near-term revenue-focused strategies or long-term value-driven approaches. Download the report here : https://lnkd.in/egaqv9Z6 Additionally, Locust Walk’s Daniel Brog led an informative panel discussion on “AI Partnerships: Integrating for Strategic Value” at this spring’s Align Summit. Read about the key themes emerging from this panel here: https://lnkd.in/eZhJDeGS
Overview of AI in Biotech - Locust Walk
https://www.locustwalk.com
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The Locust Walk team kicked off #BIO2024 with an energizing BioBreak reception. We appreciate everyone who joined us! Our team had engaging conversations and formed valuable new connections.
A fantastic kickoff to #BIO2024! We had a great night at BIO BioBreak with members from around the world. Excited for an action-packed week ahead! Thank you to our BIO BioBreak sponsors: Locust Walk, Banc of California, MassBio, Mintz, and Troutman Pepper. Your support makes these connections possible. #networking #community #lifescience #biotech #pharma #biopharma #investors
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