Technology’s advancement has led to the rise of the biotech sector. Every year, biotech startups are created. While some biotech startups are successful in attracting media attention and securing funding, others fail to stay on the market for long periods of time. While many industries have suffered massive losses from the Covid -19 epidemic, biotech stocks are seeing a spike in interest. These are five startups in biotech to keep an eye on in 2020: Hexagon Bio. Menlo Park’s company attracted $47 millions in funding for new drugs made using fungus. Hexagon Bio was founded in 2018,, and has enjoyed notable success. Combining genomics with computational biology, the startup identifies fungal toxins that can be used to develop cancer treatments and other infectious diseases. Hexagon Bio’s founders have extensive knowledge in data science and biology. Their skills allow them to sequence the genomes of fungi and determine if they are altered. It is a promising startup, and it was therefore able to attract $47 millions from the Series A round. Samumed Samumed ranks as the most successful startup in biotech and on this list. It focuses its stem cell research on creating medicine that reverses aging, bone loss, joint problems, and hair loss. The company has been proven safe in developing drugs that stimulate hair growth and increase joint mobility for people with arthritis. Samumed’s founder, Osman Kibar (2008), started the company at the Pfizer incubator, but he left Pfizer. Samumed has an billion valuation and raised millions in 2018,. Ginkgo Bioworks This startup, based in Boston MA, manipulates bacteria to make anything from perfume to drugs. Ginkgo Bioworks is a microorganism modification company that supplies partners with the products. The company created a $100million joint venture with Bayer in to alter agricultural microorganisms. Bulb, London, UK – This eco-tech startup produces renewable energy using hydropower plants and farm wastewater. The startup has gained massive popularity, and it has over 300,000 customers and annual growth of 400%. Bulb aims to change everything about the existing energy providers. Bulb serves customers in many sectors. These include large banks, hotels and small businesses looking for innovative energy solutions. Bulb believes that renewable energy is a way to charge fees to customers for terminating contracts with conventional energy companies. Proteus Digital Health is an innovative startup in digital therapy. It is located in Silicon Valley. Proteus Digital Health holds over 450 patents that focus on the use of sensors and apps for monitoring drug administration and patient health. Proteus’ “smart tablet” is one of its products. It has integrated sensors that track the patient’s medication. Smart tablets can be taken as capsules and send signals to the web to track patient’s activity and report on medication ingest. Although the company declared bankruptcy early 2020,, a $15million deal with Otsuka Pharmaceuticals was able to save it. The Outlook. The biotech sector is one of fastest growing industries, aiming to improve daily life and save lives. Investors love the high payoffs. Investors who are interested in investing in biotech will find plenty of reasons to learn more about 2020. biotech companies. Video: What’s a Startup? Similar Articles: How to Make the Most of Biotechnology Techniques for Your Business
Five Biotech Startups that Will Change the Industry by 2020
