This report was first published by Endpoints News. To see the original version, click here
Plus: Debt financing deals for Apnimed and Opus Genetics
Anthropic buys a stealth biotech: The San Francisco artificial intelligence giant is buying Coefficient Bio, building out its plans to bring AI into life sciences. Anthropic agreed to pay $400 million in stock for Coefficient, which was founded less than a year ago. Dimension Capital was the stealth startup’s top investor and is posting an over 21-times return on invested capital, based on Anthropic’s latest valuation of $380 billion, according to a letter sent to Dimension’s limited partners and viewed by Endpoints News. — Andrew Dunn
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