STAT July 23, 2024
Elaine Chen

Good morning. In an unfortunate twist of fate, an Oscar Mayer Weinermobile crashed into another vehicle and flipped on its side yesterday while driving around Chicago, famously known for its hot dogs. Thankfully, no injuries were reported.

And that’s it for my local news update. Onto the biotech news today.

The need-to-know this morning

J&J veterans launch startup betting on T cell drugs

A new company, Third Arc Bio, launched today with $165 million from a Series A round led by Vida Ventures, blowing past the original goal of $100 million.

It’s led by J&J...

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