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Dimension restocks with $800M to capitalize on AI’s ‘rapid ascent’

Dimension, a young venture capital firm at the vanguard of biotechnology’s embrace of artificial intelligence, has closed its biggest fund to date. The firm on Tuesday announced it raised $800 million for “Dimension III,” its third fund since publicly launchin

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Dimension, a young venture capital firm at the vanguard of biotechnology’s embrace of artificial intelligence, has closed its biggest fund to date. The firm on Tuesday announced it raised $800 million for “Dimension III,” its third fund since publicly launching in 2023. Dimension now manages $1.65 billion in assets and has supported 35 companies, its founders said in a statement. Dimension is led by former Lux Capital general partners Adam Goulburn and Zavain Dar, as well as ex-Obvious Ventures managing director Nan Li. The firm has leaned heavily into what it’s referred to as the “digitization” of drugmaking , contending since starting up that high-powered computing tools are becoming increasingly enmeshed in the discovery of new medicines and creating new biotechs staffed with as many computer scientists as biologists . That focus has put Dimension at the forefront of a dizzying sprint by drug companies small and large to deploy AI across their operations. Though there’s still plenty of skepticism about the ultimate impact AI will have on drug development, over the last year or so, giants like Eli Lilly, Roche , Takeda Pharmaceutical and Bristol Myers Squibb have teamed with tech leaders such as OpenAI and Nvidia to build supercomputers and help speed their work. Simultaneously, fast-growing AI drug discovery upstarts such as Isomorphic Labs and Chai Discovery have commanded multibillion-dollar valuations in some of the year’s largest venture fundings. A recent report from HSBC’s Innovation Banking division noted how, compared to last year, all sectors of healthcare are currently on a quicker investment pace. The “prevalence of AI” has brought in new investors and “stirred discussion” on the role large AI tech companies will play going forward, the report said. In its statement, Dimension’s own founders claimed they “underestimated” the speed of AI's “rapid ascent” and resulting blurring of lines between science and computing. “Timelines we predicted on the orders or years [were] compressed to months,” they wrote. “We hold strong conviction that the current moment, the right now, is singular in history.” Dimension has partaken in that cross-sector convergence through investments it said ranged from the “single digit millions” to $50 million-plus and across stages of development. The firm co-led the seed funding for Chai, led the Series A financing for longevity startup NewLimit and participated in a $787 million Series C for AI-powered cancer and immune drugmaker Earendil Labs . Dimension also spearheaded a “crossover” round for Odyssey Therapeutics and then helped anchor the company’s $279 million initial public offering in May. In 2024, Dimension led a follow-on financing for Monte Rosa Therapeutics, a publicly traded maker of “molecular glue” drugs. The firm has seen one of its portfolio companies acquired, too. In April, a stealthy startup it backed, Coefficient Labs, was acquired by AI giant Anthropic for $400 million.

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01Lifestyle Matters: How do environmental and lifestyle factors influence Alzheimer’s disease?

Dr. Harrison and Finnish neuroscientist Dr. Miia Kivipelto explore the complex interplay between genetics and lifestyle in Alzheimer's development. Learn how the groundbreaking FINGER study demonstrates potential prevention strategies, and discover the latest evidence on how environmental factors, diet, and chronic conditions influence Alzheimer's risk.

Source: www.biopharmadive.com ↗
02What Comes Next

With data expected in the fourth quarter of 2026, we are prioritizing histology alongside patient-reported outcomes using the Celiac Disease Symptom Diary, one of only two instruments developed in line with U.S. Food and Drug Administration (FDA) guidance, to capture changes in symptoms such as abdominal pain and nausea. Ultimately, the broader aim is to give gastroenterologists and patients a therapeutic option for a disease that has long been managed without one. The future of drug development will not be defined by statistical significance alone, but by whether new therapies also improve the daily burden of living with celiac disease. “The first therapy to cross the line could change the field,” Geller concluded. “It would help establish celiac as a serious medical condition with options beyond a restrictive diet and open the door for what comes next.” Dr. Paul Lizzul is chief medical officer at First Tracks Biotherapeutics, a clinical ‑ stage biotechnology company advancing antibody therapeutics that modulate immune pathways implicated in autoimmune and inflammatory diseases. Marilyn Geller serves as an advisor to First Tracks Bio. Footnotes Abadie V, Jabri B. IL-15: a central regulator of celiac disease immunopathology. Immunol Rev . 2014;260(1):221-234. https://doi.org/10.1111/imr.12191. Yokoyama S, Watanabe N, Sato N, et al. Antibody-mediated blockade of IL-15 reverses the autoimmune intestinal damage in transgenic mice that overexpress IL-15 in enterocytes. Proc Natl Acad Sci U S A . 2009;106(37):15849-15854. https://doi/full/10.1073/pnas.0908834106. Anthony S, Schluns KS. Emerging roles for IL-15 in the activation and function of T-cells during immune stimulation. Research and Reports in Biology . 2015;6:25-37. https://doi.org/10.2147/RRB.S57685.

Source: www.biopharmadive.com ↗
03China: Threat or opportunity?

One of the biggest biotech news stories of recent years is China’s continued rise as a biotech and life sciences powerhouse. China conducts a quarter of all clinical trials and drug development and has almost 1,500 new drugs in development.¹ Many China-based biotechs have benefitted from government funds, out-licencing deals with large pharmas and venture capital funding. However, policymakers in the US and EU have concerns about the possible threat to their region’s biosecurity and competitiveness as centres for health and life science research. Given China’s increased importance, ICON Biotech conducted the same biotech sector survey with 100 China-based biotech leaders. The results show that Chinese biotechs face many of the same challenges as biotechs located elsewhere. They share the same funding challenges and burdens associated with increasingly complex clinical trials and regulations.

Source: www.biopharmadive.com ↗
04What the Artificial Neuron Cannot Do

Hersam’s next goal is a small circuit — perhaps 10 artificial neurons — where each one fires differently, and together they accomplish what would require thousands of conventional transistors. “ Silicon achieves complexity by having billions of identical devices,” Hersam said. “The brain is the opposite. It’s heterogeneous. The complexity is at the device level.” But Gaudet sees a gap no circuit design can yet fill: Biological neurons grow new connections and prune old ones, strengthening pathways that are used and weakening those that aren’t. Hersam’s lab’s printed neurons — or any other neuromorphic technology that mimics neuronal dynamics — can’t achieve that level of complexity yet. Brown is careful about the distance remaining between these printed neurons and the real thing. “Neurons are just so flexible,” he said. “They can totally change what they’re doing based on whether they’ve learned something and based on your emotional state. There’s a lot of hidden mysteries.” Sangwan suspects the device has more to reveal. “It’s a nonlinear dynamical system,” he said. “We don’t fully know how many different variables you need to explain it. It’s just the beginning.” Hersam, Sangwan, Brown, Holla, and Gaudet reported having no relevant financial disclosures. Disclosure information for study authors is available in the original study publication.

Source: www.medscape.com ↗
05Why Muscle Cells Might Do Some Heavy Lifting

Brown was studying gene therapy in the 1990s when he designed a technology to turn mRNA expression on or off in different cells. For the new mouse study, published in Nature Biotechnology , he adapted the technology to turn off mRNA expression in dendritic cells, muscle cells, or liver cells. The researchers then vaccinated the mice with each version, delivering the vaccines both intravenously and intramuscularly. “The results were pretty stunning,” Brown said. When mRNA expression was turned off in muscle cells, T-cell response went down, suggesting muscle cells play a role in immunity. When expression was turned off in liver cells, T-cell expression tripled — indicating liver cells dampen immunity. Turning off expression in dendritic cells had no effect on T-cell activation, though it did reduce the number of killer T cells by as much as half. (Interestingly, no such reduction occurred when the antigen was SARS-CoV-2 spike. Brown is now investigating why different antigens had varying effects.) Knowing all this is crucial for designing effective mRNA vaccines and therapies. That’s because different mRNA therapies require different strategies. Cancer vaccines must boost tumor-fighting killer (CD8+) T cells. For genetic disease treatments, scientists want to avoid triggering the immune system to prevent killing the very cells the mRNA is meant to modify. “Understanding the immunology is extremely important for this class of drug,” Brown said. The finding doesn’t mean dendritic cells aren’t important for mRNA vaccines to work. “It just means that the mRNA doesn’t have to get into those cells to induce an immune response,” Brown said. Instead, the antigen can be transferred to those dendritic cells.

Source: www.medscape.com ↗
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Peptide Therapy Guide Editorial Team

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