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FDA whiplash fuels biotech uncertainty

By the numbers: VC funding ticks up

Other deals of the week

Pipeline picks

Quote of the week

1 big thing: FDA whiplash fuels biotech uncertainty

Photo illustration of Mark Cooper, collage with an image of test tubes, a pipette, and abstract shapes.

Photo illustration: Axios Visuals. Photo courtesy of Crowell & Moring

2. By the numbers: VC funding ticks up

3. Other deals of the week

Illustration of a hundred dollar bill with Benjamin Franklin dressed as a doctor and holding a prescription pill bottle.

4. Pipeline picks

Illustration of a giraffe wearing reading glasses and reading its phone.

5. Quote of the week

February 21, 2026

1 big thing: FDA whiplash fuels biotech uncertainty