Formation Bio

Tech-driven, AI-native pharma company that acquires and develops clinical-stage drugs

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Formation Bio is a tech-driven, AI-native pharmaceutical company that aims to bring new treatments to patients faster by acquiring and developing clinical-stage assets with its own technology platform. Formerly known as TrialSpark, it was co-founded by Benjamine Liu and Linhao Zhang. In October 2026 it announced a $600M Drug Development Accelerator Fund to acquire and advance Phase 1 and Phase 2 drug programs.

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