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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Many enterprises today are grappling with transformation fatigue. After years of reorganizations, technology investments, and process overhauls, leaders are still asking the same question: Why aren’t we moving faster or seeing greater returns?...
Keurig Dr. Pepper (KDP) and JDE Peete’s jointly announced that KDP has acquired 96.22% of the shares of JDE Peet’s, marking a major milestone in the company’s plans for strategic transformation and long‑term growth....
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