Left: Milan Radovich, SVP and Chief Scientific Officer at Caris Life Sciences; Right: Boris L. Zaïtra, Head of Roche Corporate Business Development [Photos: LinkedIn/Roche]
Under the terms of the agreement, Caris is eligible to receive upfront and near-term payments of $25 million and is also eligible for up to $1.1 billion of potential research, development, commercial, and net sales payments, as well as potential tiered royalties on net sales of collaboration therapies, the company said.
Now valued at more than $7.8 billion, Caris specializes in AI-powered genetic sequencing for personalized cancer treatments. The massive capital raise follows a $310 million round in October and boosts the 13-year-old company's total funding to about $1.3 billion.
The Caris Life Sciences Corporate Park in Irving will increase R&D capabilities with a state-of-the-art precision medicine laboratory, create more than 500 jobs in the region, and help Caris continue to "reinvent cancer care."
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North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
A few years ago, the digital leadership team of a globally recognized motorcycle brand reached out to us after completing a major digital refresh. They had followed every recommended best practice....
The prospect of electric “air taxis” buzzing around Texas skies just got a boost from the Federal Aviation Administration. U.S. Transportation Secretary Sean P. Duffy and the FAA announced that eight proposals—including one in Texas—have been selected as part of the brand-new Advanced Air Mobility and Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program (eIPP)....
Dallas management and financial consulting firm Embark has named Laura Neal as its chief revenue officer. With more than 20 years of leadership experience in revenue growth and sales, Neal comes with a track record of establishing high-performing teams and guiding sustained growth across professional services and advisory organizations, Embark said....
Dallas-based fiber internet provider Gigapower has named Dave Dobbin as its chief strategy officer and a member of the company’s leadership team.
In this role, Dobbin will lead development of the company’s long-term strategy, growth initiatives, market expansion priorities, and enterprise-wide change management programs....