AI Biotech Iambic Gets $150M in IPO Cash for ‘Molecular Superintelligence’ Drug R&D

Iambic Therapeutics raised $150 million in an initial public offering to fund clinical trials for cancer drugs. The company pairs automated high-throughput experiments with computational models to design small molecules, including a HER2 inhibitor that penetrates the brain. This funding moves computationally designed therapies into clinical trials to test whether they overcome resistance and toxicity issues seen in existing treatments.

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