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Re:UBiome received $83M in Series C financing by adenadel on Friday September 21, 2018 @03:01PM (#18041876)
Also interesting to note that Joseph Jimenez joined the board (former CEO of Novartis).
Re:UBiome received $83M in Series C financing by funfunfun on Friday September 21, 2018 @03:32PM (#18042081)
It is interesting. Theranos appointed high-profile people who were incapable of doing due diligence on their product. I wonder if this is another one of those.
Re:UBiome received $83M in Series C financing by toufka on Friday September 21, 2018 @03:39PM (#18042115)
A CEO of a phrmaceutical company ought to be able to do diligence on an FDA-trajected company in a way that a former secretary of state would not be able to evaluate a diagnostics company.
Re:UBiome received $83M in Series C financing by funfunfun on Friday September 21, 2018 @04:06PM (#18042281)
I could be lead to that conclusion, but I see this another way. Running the business of a multinational pharma company doesn't qualify you to judge primary literature in microbiology, methods, or data science of the results. It also doesn't help you differentiate claims from hot air in this emerging space. Considering the maturity of this field I think these are the skills required for due diligence. I think a pharma CEO as well as you and I are at the mercy of pop-sci reporting.
Re:UBiome received $83M in Series C financing by refurb on Friday September 21, 2018 @04:14PM (#18042342)
From what I read, he came by the board seat through his involvement with one of the VC that participated in this round.