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Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19 – TechCrunch

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Resilience, a brand new biopharmaceutical firm backed by $800 million in financing from traders together with ARCH Enterprise Companions and 8VC, has emerged from stealth to remodel the best way that medication and therapies are manufactured within the U.S.

Based by ARCH Venture Partners investor Robert Nelsen, Nationwide Resilience Inc., which does enterprise as Resilience was born out of Nelsen’s frustrations with the inept American response to the COVID-19 pandemic.

In keeping with an announcement the corporate will make investments closely in creating new manufacturing applied sciences throughout cell and gene therapies, viral vectors, vaccines and proteins.

Resilience’s founders recognized issues within the therapeutic manufacturing course of as one of many key issues that the business faces in bringing new therapies to market — and that hurdle is precisely what the corporate was based to beat.

“COVID-19 has uncovered essential vulnerabilities in medical provide chains, and right now’s manufacturing can’t sustain with scientific innovation, medical discovery, and the necessity to quickly produce and distribute critically necessary medication at scale. We’re dedicated to tackling these large issues with an entire new enterprise mannequin,” stated Nelsen in an announcement.

The corporate brings collectively a number of the main funding corporations in healthcare and biosciences together with working companions from Flagship Pioneering like Rahul Singhvi, who will function the corporate’s chief government’ former Food and Drug Administration commissioner Scott Gottlieb, a associate at New Enterprise Associates and director on the Resilience board; and Patrick Yang, the previous government vice chairman and international head of technical operations at Roche/Genentech .

“It’s essential that we undertake options that may defend the manufacturing provide chain, and supply extra certainty round drug improvement and the power to scale up the manufacturing of protected, efficient but additionally extra advanced merchandise that science is making doable,” stated Dr. Gottlieb, in an announcement. “RESILIENCE will allow these options by combining leading edge know-how, an unmatched pool of expertise, and the business’s first shared service enterprise mannequin. Much like Amazon Web Services, RESILIENCE will empower drug builders with the instruments to extra absolutely align discovery, improvement, and manufacturing; whereas providing new alternatives to put money into downstream improvements in formulation and manufacturing earlier, whereas merchandise are nonetheless being conceived and developed.”

Different heavy hitters on this planet of drugs and biotechnology who’re working with the corporate embrace Frances Arnold, the Nobel Prize-winning professor from the California Institute of Expertise; George Barrett, the previous chief government of Cardinal Well being; Susan Desmond-Hellmann, the previous president of product improvement at Genentech; Kaye Foster, the previous vice chairman of human sources at Johnson and Johnson; and Denice Torres, the previous President of Johnson & Johnson Pharmaceutical and Client Corporations.

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Jonathan Shieber