Chinook Therapeutics, a biotech company creating targeted therapies for kidney diseases, has agreed to merge with Berkeley, Calif.-based Aduro Biotech. Chinook raised $65 million in a Series A financing round this past August from Versant Ventures, Apple Tree Partners, and Samsara BioCapital. William Blair analyst Matt Phipps initiated coverage with a Buy rating on Chinook Therapeutics (KDNY – Research Report) on October 6.The company’s shares closed last Friday at $16.05. Disclaimer | and Seattle. Chinook said it will have at least $275 million in operating capital following the investment and merger. Advancement of additional research and discovery programs focused on the treatment of rare, severe chronic kidney diseases. The combined company will take Chinook’s name and will be headquartered out of Chinook’s facilities in Vancouver, B.C. Childress file suit against alleged counterfeiters in ongoing fraud battle, Look who’s Arrived: Tech vets launch Seattle real estate startup to crowdfund rental home investing, Q&A with former Zillow CEO Spencer Rascoff on his new SPAC that just raised $350M, AOC helps set Twitch record for ‘Among Us,’ the viral game developed by a tiny Seattle-area studio, Microsoft boosts gender diversity, but sees smaller gains for racial and ethnic minorities, T-Mobile launches venture capital fund to invest in startups building 5G-related tech, He moved to Seattle a year ago and has already built a tool to help local businesses battle Amazon, Wizards of the Coast in court: ‘Dragonlance’ authors file suit over rights to classic ‘D&D’ franchise, Amazon extends remote work policy for office employees to June 2021, Amazon employees protest at Seattle HQ to ask for paid time off so workers can vote, Led by e-commerce vets, stealthy startup Fabric raises $9.5M to help brands compete with Amazon, WFH tips from Microsoft CEO Satya Nadella: Regular breaks, short meetings, and other advice, More hours, more burned out: Survey finds remote tech workforce feeling strain of working from home, Expedia Group CEO on Google antitrust case: ‘Very pleased to see the government finally taking action’, This Seattle fintech startup just raised $11M on Zoom and shifted to a fully distributed workforce, AWS, Microsoft, Uber engineering vets raise $20M from top VCs for Seattle startup Temporal, Microsoft partners with SpaceX’s Starlink satellite service for Azure Space cloud platform, Tech Moves: Amazon’s director of Alexa Trust; BECU adds CIO; Lockstep, Fabric exit stealth mode, Register today for access to all the 2020 GeekWire Summit sessions on-demand, SENIOR DATA SCIENTIST/ MACHINE LEARNING ENGINEER, Sign-up for a Free Product Tour of NetSuite.
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