A new wave of drug startups with big portfolios and precarious valuations has burst onto the scene. Welcome to the era of 'mega biotechs.'
11:19am PDT - May 4th, 2021 mega millions drawing - Business InsiderSummary List PlacementTo understand the hottest new trend in biotech, take a look at the firm Centessa Pharmaceuticals. Centessa was formed just seven months ago by the life-sciences venture-capital firm Medicxi, which fused together 11 startups. These start…