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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

Tens of Millions Saved

The Associated Press writes that vaccines against COVID-19 saved an estimated 20 million lives in their first year.

Supersized Bacterium

NPR reports that researchers have found and characterized a bacterium that is visible to the naked eye.

Also Subvariants

Moderna says its bivalent SARS-CoV-2 vaccine leads to a strong immune response against Omicron subvariants, the Wall Street Journal reports.

Science Papers Present Gene-Edited Mouse Models of Liver Cancer, Hürthle Cell Carcinoma Analysis

In Science this week: a collection of mouse models of primary liver cancer, and more.