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New neuro company raises $140M for depression drug

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And other biotech news stories brought to you by The Readout.
The article from STAT News dated June 18, 2025, discusses several key developments in the biotech industry. It highlights Dr. Marty Makary's new book on the future of medicine, which emphasizes personalized treatments and the integration of AI in healthcare. The article also covers Draig Pharmaceuticals' promising results from their Phase 2 trial of a novel psychedelic compound aimed at treating depression, showing significant improvements in patient outcomes. Additionally, it mentions BioVaccines' advancement in developing a universal flu vaccine, which has entered Phase 3 trials. The piece concludes with a brief mention of The Readout newsletter, which provides weekly updates on biotech and pharmaceutical news.

Read the Full STAT Article at:
[ https://www.statnews.com/2025/06/18/biotech-news-makary-draig-psychedelics-depression-bio-vaccines-the-readout/ ]