Formation Bio

The AI engine Fit Assessment

Beta

Formation Bio effectively leverages machine learning and innovative technologies to expand therapeutic options and repurpose existing drugs, enhancing the drug development process.

Blurb

Formation Bio is a drug development company that strives to provide treatments to patients faster by reimagining clinical trials.

HQ Location

New York (United States)

Founded

2013

Employees

51 - 200

Total funding raised

$528.00M

Funding Status

Series D, $372.00M, June 26, 2024
Subspaces
  • Drug Repurposing

Formation Bio is an AI-native pharma company differentiated by radically more efficient drug development. The company has built proprietary technology platforms to optimize critical aspects of clinical drug development, enabling more efficient trial design, faster trial completion, and higher quality trial data. Formation Bio acquires clinical-stage drugs from pharmaceutical and biotech companies with the goal to develop assets faster, unlocking greater value per program and ultimately accelerate access to new treatments for patients.



2025 CNBC Disruptor 50

2025 Fierce 15 Award

2024 Endpoints 11 Award