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Feels Like '00: VC Funding Hits New Highs

A VentureBeat article talks about the recent funding surge for biotech firms and medical device companies this year. While funding is still at a six-year high, it dropped 19 percent this quarter to $1.1 billion, compared to the same period last year when biotech investment reached $1.8 billion, more than double what the industry raised a year earlier. VCs are also, for the first time in six years, eyeing university spinoffs with interest, according to the story. One area that remains hot is medical devices: VCs poured $1 billion into this sector this quarter alone, the highest investment on record.

The Scan

Billions for Antivirals

The US is putting $3.2 billion toward a program to develop antivirals to treat COVID-19 in its early stages, the Wall Street Journal reports.

NFT of the Web

Tim Berners-Lee, who developed the World Wide Web, is auctioning its original source code as a non-fungible token, Reuters reports.

23andMe on the Nasdaq

23andMe's shares rose more than 20 percent following its merger with a special purpose acquisition company, as GenomeWeb has reported.

Science Papers Present GWAS of Brain Structure, System for Controlled Gene Transfer

In Science this week: genome-wide association study ties variants to white matter stricture in the brain, and more.