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

You won't want to miss Bay Area Connect Conference on the South San Francisco Patch calendar

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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.
   

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💬 Chatter

What your neighbors are talking about on social media

  • Anyone's dog?
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  • 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

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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