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Adaptive Biotechnologies

Adaptive Biotechnologies Corporation is a publicly traded immune medicine company specializing in immune system-related products for the...

Facts

HQ
Seattle
Sectors
Biotech, Immune medicine, Diagnostics
Type
Corporation Seattle business license
Registered name
Adaptive Biotechnologies Corporation Seattle business license
Stage
Public

Adaptive Biotechnologies’ Spinout Digital Biotechnologies Raises $15M Series A to Develop Clinical DNA Sequencing Instrument

Digital Biotechnologies, a Seattle-based subsidiary of Adaptive Biotechnologies, has raised up to $15 million in a Series A round to develop a novel clinical DNA sequencing technology. Adaptive will retain nearly half ownership as Digital Biotechnologies aims to create a high-accuracy, rapid, low-cost sequencing instrument for clinical use.

Allen Institute Names Helen Protheroe and Arden Yang to Executive Roles; Qumulo’s Aaron Passey Returns as Engineering Lead

The Allen Institute appointed Helen Protheroe as executive director of global partnerships and philanthropy and Arden Yang as vice president of innovation, while Aaron Passey returned to Qumulo as an engineering leader. Other notable tech leadership changes include Kevin Goldsmith becoming CTO of DistroKid, Samir Diwan joining Madrona Venture Labs, S. Skye Yoden stepping down from PATH, and Lindsie Goss joining Outpace Bio.

UW spinout AltPep raises $44.4M as its Alzheimer’s blood test earns FDA breakthrough designation

University of Washington spinout AltPep raised $44.4 million and is developing experimental blood tests to detect Alzheimer’s and Parkinson’s diseases early, plus treatments; its Alzheimer’s test received FDA breakthrough device designation. The three-year-old Seattle startup has 25 employees, raised $23.1M in a 2021 Series A, is hiring, and is pursuing partnerships and clinical-ready development.

Absci opens 77,400 sq ft HQ in Vancouver, Wash., three months after IPO valued company near $2 billion

Absci opened a 77,400 sq ft headquarters with a 9,150 sq ft courtyard in Vancouver, Wash., three months after its IPO that valued the company at nearly $2 billion; Gov. Jay Inslee attended the ribbon-cutting. The 200-employee biotech — founded in 2011 by CEO Sean McClain — provides drug discovery services using in silico models, synthetic biology and recent acquisitions Totient and Denovium to support its platform.

Life Science Washington CEO Leslie Alexandre to retire after leading state’s biotech resurgence as 2021 IPOs raise hundreds of millions

Leslie Alexandre, president and CEO of Life Science Washington, is retiring after five years leading the group during a period of strong growth in Washington state's biotech sector that recovered from a 2016 slump. The region has seen several major biotech IPOs in 2021 (including Sana Biotechnology's $587M, Absci's $200M, and Icosavax's $180M+), growing research strength and recognition as an emerging biotech market.

Creative Destruction Lab to launch nine-month, equity-free Seattle accelerator with Microsoft and UW for 20–25 computational health startups this November

Creative Destruction Lab (CDL) is launching a Seattle hub this November at the University of Washington to run a nine-month, equity-free accelerator for 20–25 computational health startups in partnership with Microsoft and UW’s business, engineering, and computer science schools; UW students can shadow the program. The program is funded by founding members, enforces objective milestones with the possibility of booting nonperforming companies, and stems from UW’s Innovation Roundtable efforts led by Emer Dooley and others.

Amgen to buy Seattle startup Rodeo Therapeutics for $55M upfront, up to $666M more in milestones

Amgen agreed to acquire Seattle biotech Rodeo Therapeutics, which develops small-molecule therapies to repair and regrow tissues, for $55 million upfront plus up to $666 million in contingent payments. Rodeo, led by CEO Thong Le and founded by Sanford Markowitz, Stanton Gerson and Joseph Ready, has backing from investors including AbbVie, Lilly, Arch Venture Partners and Johnson & Johnson and had raised over $14 million.

SPACs Let Founders Reach Public Markets Faster and Keep Larger Equity Stakes, Say Startup Observers

The article explains how SPACs (special purpose acquisition companies) let founders and early employees reach liquidity faster and often retain larger ownership stakes than through later-stage VC or private equity rounds. Using examples like Sana Biotechnology and Seattle entrepreneur Sujal Patel, it argues SPACs can preserve founders' equity by bypassing dilutive funding rounds.

Notch Therapeutics raises $85M Series A (total $91M) to fund stem cell–derived T cell therapies and open Seattle lab

Notch Therapeutics raised an $85 million Series A, bringing total funding to $91 million, to advance stem cell–derived T cell immunotherapies and expand with a new Seattle research lab. The 2018-founded biotech plans to grow from 35 to about 100 employees by end of 2022 and is collaborating with Allogene Therapeutics on treatments for blood cancers.

AltPep, UW spinout led by Valerie Daggett, raises $23.1M Series A to develop early-detection and therapeutics for Alzheimer’s

Seattle biotech AltPep, spun out of the University of Washington in 2019 and led by founder/CEO Valerie Daggett, raised $23.1 million in a Series A to develop detection tools and preclinical therapies for Alzheimer’s and other amyloid protein diseases. The company’s technology, based on UW-licensed research into alpha-sheet protein structures, will support early detection efforts and expansion into a new 7,500 sq ft Seattle lab.

Umoja Biopharma raises $53M Series A to develop in vivo CAR T-cell immunotherapies for adult and pediatric tumors

Seattle-based Umoja Biopharma raised $53 million in a Series A to advance its preclinical in vivo CAR T-cell immunotherapy platform for blood and organ tumors in adult and pediatric patients, aiming to generate cancer-fighting cells inside the body. The company was founded last year by CEO Andy Scharenberg and collaborators from Seattle Children’s Research Institute and Purdue University, with MPM Capital and Qiming Venture Partners USA leading the round.

Athira Pharma prices IPO at $17, sells 12M shares to raise $204M; will trade as ATHA on Nasdaq

Seattle biotech Athira Pharma priced its IPO at $17 per share, selling 12 million shares to raise at least $204 million and will begin trading on Nasdaq under ticker ATHA; the company is developing NDX-1017 for neurodegenerative diseases and has no commercial products yet. Founded in 2011 and led by CEO Dr. Leen Kawas, Athira reported net losses in 2019 and H1 2020 and has raised over $100 million privately, including an $85 million Series B.

Lumen Bioscience raises $16M Series B to scale Spirulina platform for orally delivered antibodies; total funding $68M

Lumen Bioscience raised $16 million in a Series B to advance its Spirulina-based platform that produces orally delivered antibodies and biologics for GI diseases, claiming dramatically lower costs and three clinical programs. The Seattle startup, co‑founded in 2017 by CEO Brian Finrow and CSO Jim Roberts, has partnerships with the Gates Foundation, NIH and others and has raised $68 million to date.

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