Fierce Biotech Fundraising Tracker '23: Hyku hatches with $56M seed; Magnet makes money moves with $50M emergence

Prior to the COVID-19 pandemic, a core strength of the biotechnology sector was the solutions the sector brings to the challenge of a global population moving quickly to nine or 10 billion people and the imperative of finding ways to fundamentally alter how we grow, manufacture, cure and fuel our economies and societies. While policymakers generally understood the sector’s overall strategic value,