🌱 Patch AM: Why a South San Francisco biotech is racing toward a high-profile IPO

Cheers South San Francisco! We're back, helping you stay up to date with what's happening. Let's take on the day together! ☀️

In today's newsletter:

• Why a South San Francisco biotech is racing toward a high-profile IPO
• How a South San Francisco biotech fits into Europe's biggest fundraise

Also on today's calendar: Bay Area Connect Conference and 9 more events.

Today's riddle: What do you call a paper airplane that can't fly? 🤔 (Answer below!)

Weather forecast:

• Wednesday: Fog in the a.m., then breezy, with a high of 76 and low of 56 degrees.
• Thursday: Low clouds and fog, then sun, temps: high: 70, low: 58.
• Friday: Breezy in the afternoon, with a high of 69 and low of 59 degrees.

📰 News we're reading

• Lycia Therapeutics files for IPO with LYTAC platform and Phase I food allergy data (allsci.com) — South San Francisco-based Lycia Therapeutics is moving toward an IPO to fund its LYTAC protein-degrader platform and several autoimmune and allergy drug programs. Early Phase I data for its lead food-allergy candidate show strong IgE reductions without major safety issues, though clinical benefits aren't proven yet. Recent large venture rounds and a Lilly collaboration give the company substantial cash to advance trials.
   

• Forbion Funds New Medicines. Its Buyers Say Europe Is Losing (businessmodelanalyst.com) — A major European biotech fundraise is dissected through its tight links to big pharmaceutical buyers, including a deal involving RAPT Therapeutics, based in South San Francisco. The article explains how funds like Forbion build companies to the point where giants such as GSK and Eli Lilly buy them, showing how local innovators can become key pieces in a global drug-development supply chain.
   

📸 Around South San Francisco

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🗓 Upcoming Events in South San Francisco

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★ Featured events ★

Friday October 23
• Bay Area Connect Conference →
  San Mateo Elks Lodge, 229 W 20th Ave, San Mateo
  10:00 am

Want to see your event featured? Click here!

Other local events

Thursday October 8
• Plan de Negocios (10 Semanas) →
  Economic Advancement Center, 366 Grand Ave., South San Francisco
  6:00 pm
Saturday October 10
• Littlefield/Colma Creek →
  310 Utah Ave, 310 Utah Avenue, South San Francisco
  8:30 am
• Calisthenics Games Vol.6 →
  Bay Area Bars Calisthenics, 220 South Linden Avenue, South San Francisco
  9:00 am
• Sign Hill Stewards: Habitat Restoration →
  Sign Hill Parking Lot, 964 Ridgeview Ct, South San Francisco
  9:00 am
• Paint Nite • Embassy Suites by Hilton • South San Francisco →
  Embassy Suites by Hilton, Oyster Point 250 Gateway Blvd, South San Francisco
  4:00 pm
Tuesday October 13
• Crystal Bio Solutions Scientific Symposium & Reception →
  AC Hotel San Francisco Airport/Oyster Point Waterfront, 1333 Veterans Boulevard, South San Francisco
  12:00 pm
Wednesday October 14
• Bridging Biomarker Breakthroughs to Bedsides (B4) Tour →
  Timber & Tide, 685 Gateway Blvd, South San Francisco
  11:00 am
• I2SL's Labs2Zero Tools & Real-World Applications →
  The Hangar, 460 Forbes Boulevard, South San Francisco
  3:00 pm
Thursday October 15
• Bay Area's Fall Seminar and Exhibition - 2026 →
  South San Francisco Conference, 255 South Airport Boulevard, South San Francisco
  11:00 am
Friday October 16
• Grin & Bear It Featuring Daniel Franzese →
  SF Eagle, 398 12th St, SF
  7:00 pm
Saturday October 24
• San Francisco Halloween Bar Crawl 2026 →
  Mayes Oyster House, 1233 Polk St, SF
  4:00 pm

📣 South San Francisco Shout Outs!

Want to say something great about someone in town? Click here to submit your Shout Out to Patch AM! It's free!

Have we missed something on our calendar? Add an event yourself! As always, before attending confirm event details to ensure accuracy.

 

Thank you 👏👏👏 to these businesses for making South San Francisco PatchAM possible:

• The Fitness Tech — (650) 910-3959

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💬 Chatter

What your neighbors are talking about on social media

• Anyone's dog?
  I saw him eating at my cat feeding station. He ran off really fast (Nextdoor Old Town)
• Hi all.
  My mom had a water leak at her home (built in 1963) which damaged her original kitchen cabinets on one side of the kitchen. The damage was such that… (Nextdoor South Westborough)

• Compass Group posted a job opening for Sous Chef Timber & Tide in South San Francisco. Apply here.
• Chipotle posted a job opening for Crew Member in South San Francisco. Apply here. You can search for other jobs near South San Francisco here.

🗞 Nearby News

San Bruno

• Human Trafficking Investigation Leads To Arrest In SMC: Police (patch.com)
• Golden Gate Fields On Track to Become Waterfront Park (kqed.org)
• Three Years After October 7th: How SJP and Anti-Israel Activists Have Reframed the Hamas Massacre to Demonize Jews (combatantisemitism.org)

Daly City

• Surging Water Costs amid the US Affordability Crisis (foodandwaterwatch.org)

San Francisco

• The No. 2 Best Large City In The U.S. Is San Francisco, Survey Finds (patch.com)
• Police Arrest 5 Suspects In Ongoing Thefts At REI SF Store (patch.com)

Ok South San Francisco! So now you're in the loop about what's happening today. Thanks for reading, and see you in your inbox next time! Oh -- and if you like what you're reading, invite a friend to Patch AM!

-- The Patch AM Team

P.S. The answer to today's riddle: "What do you call a paper airplane that can't fly?" — Stationary (Thank you David H. for sending it in!)
Got a good riddle for PatchAM? Submit it here!

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