Market Highlights

• Unity Biotechnology, once valued at $700.0 million, announced layoffs of its entire South San Francisco workforce, including its CEO and CFO.
• Neuralink secured the largest funding round this quarter, raising $650.0 million to accelerate efforts to expand patient access and develop devices that integrate biology with artificial intelligence.
• Integrated DNA Technologies (IDT) is establishing an innovation hub at its Redwood City site to support R&D collaboration and partnerships with regional biotech firms.

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