VARDA EXPANDS SPACE DRUG MANUFACTURING AFTER HIV SUCCESS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Varda Space Industries is scaling up its orbital pharmaceutical operations following successful crystallization of HIV medication Ritonavir in space. CEO Will Bruey announced plans to broaden the company's drug manufacturing beyond this initial achievement.
■ MORE FROM THE STARTUPS DESK
SolarSquare is in talks to raise up to $60 million in funding, with a potential valuation of $500 million. The financing round reflects growing venture capital interest in India's rooftop solar market.
College social app Fizz has expanded its lawsuit against competitor Sidechat, alleging that a Maveron venture capitalist shared confidential information obtained during a 2022 fundraising pitch with the rival startup.
Phia, a shopping app co-founded by Phoebe Gates, is allegedly using cookie stuffing—a fraudulent technique involving fake clicks—to claim unearned affiliate commissions. The startup has raised $43.5 million to date.
Toni Schneider has been promoted from interim to permanent CEO of Bluesky, four months after taking the role in March. Schneider, formerly CEO of Automattic, commits to leading the decentralized social platform.