Profile
Formation Bio is an AI-native pharmaceutical company based in New York City, founded by Benjamine Liu, David Steinberg, and Michael Ehlers. They have a second office in Boston. The team is recognized for merging pharmaceutical and technological expertise to accelerate drug development. What distinguishes Formation Bio is their implementation of an AI-native development platform and clinical operating infrastructure to streamline drug acquisition and development.
Formation Bio invests in clinical-stage pharmaceuticals, focusing on in-licensing and acquiring Phase 1 and Phase 2 drug programs. They prioritize assets aimed at diseases with significant unmet needs and limited active development, targeting clinical milestones within 2-4 years. The company launched the $600 million Drug Development Accelerator Fund to further expand its drug portfolio. Their investments are global in scope as they do not specify a particular regional focus.
Noteworthy investments include developing drug programs targeting various pathologies with unmet clinical needs.
Industry
Formation Bio Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Formation Bio Drug Development Accelerator Fund
|
Venture Capital (VC)
|
Biotechnology
Pharmaceuticals
AI
MedTech
Life Sciences
HealthTech
|
Late Stage (Series C+)
|
North America
|
$50-100 m
|
$600 M
|
October 2026
|
Contacts
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