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Formation Bio

Private

Formation Bio is an AI-native drug development company building a clinical-stage pipeline through in-licensing and asset acquisition, with a focus on using technology and AI to accelerate clinical trial execution. In early 2026, the company launched a new subsidiary, Kenmare Bio, to develop a miR-124 inhibitor licensed from a Chinese partner for inflammatory diseases.

Company Info

Sector: AI Drug Discovery / TechBio
Headquarters: New York, New York, USA
Founded: 2016
Funding Round: Series C (2024) and ongoing growth rounds
Total Funding: $600M+

Funding & Investor Relations

Notable Investors

  • Founders Fund
  • Sequoia Capital
  • Thrive Capital
  • General Catalyst
  • Khosla Ventures
  • Lachy Groom
  • SVB Capital

IPO Outlook / Plans

None publicly disclosed; private AI-native drug developer focused on in-licensing and clinical development.

Upcoming Milestones & Key Dates

2026
Clinical Trial

FHND5032 IND-enabling studies and Phase 1 entry

Mid-2026
Business Development

Additional pipeline asset in-licensing announcements

Clinical Development Pipeline

FHND5032 (via Kenmare Bio)

Target: miR-124 inhibitor (licensed from Chia Tai Feng Hai)
Inflammatory diseases (initial indication undisclosed)
Preclinical
Phase 1
Phase 2
Phase 3
Approved

Pipeline programs (multiple)

Target: Various (in-licensed and proprietary programs)
Immunology and inflammation
Preclinical
Phase 1
Phase 2
Phase 3
Approved

Recent News

Leadership Team

Benjamine Liu

Co-Founder and Chief Executive Officer

Dr. Louis Brenner

Chief Medical Officer

Dr. Daniel Neil

Chief Technology Officer

Careers & Job Openings

Director, Brand & Communications

Marketing
New York, NY; Boston, MA
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Director/Senior Director of Asset Quality Assurance

Quality Assurance
New York, NY; Boston, MA
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Vice President, Product

Product
New York, NY; Boston MA
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