Insights

AI-driven edge Formation Bio is an AI-native pharma company with proprietary platforms aimed at accelerating clinical drug development, offering a strong angle for selling AI optimization, data analytics, and trial design enhancement solutions to accelerate asset timelines and improve trial quality.

Strategic asset deals The firm acquires clinical-stage assets from other companies to fast‑track development and unlock greater value per program, presenting opportunities to offer integration, data standardization, regulatory filing support, and lifecycle management services for owned or future acquired assets.

Senior guidance Recent high-profile strategic appointments and advisors, including Mikael Dolsten, signal a commitment to scientific leadership and partnerships; engage to explore co-development, advisory roles, or joint R&D collaborations leveraging their network and credibility.

Collaborative traction Past and ongoing partnerships with Sanofi, OpenAI, and others, plus awards and strong funding, indicate a readiness to adopt external software, AI tools, and R&D solutions that integrate with enterprise workflows, data platforms, and patient recruitment programs.

Commercial scale With revenue in the tens of millions and substantial funding, Formation Bio represents a growing customer for advanced analytics, cloud-based data pipelines, trial design optimization, and AI-enabled software as a service that can scale across multiple assets and programs.

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Formation Bio Tech Stack

Formation Bio uses 8 technology products and services including Meta Ads Manager, Power BI, SAS, and more. Explore Formation Bio's tech stack below.

Media & News

Formation Bio's Email Address Formats

Formation Bio uses at least 4 email formats:
Formation Bio Email FormatsExamplePercentage
First@trialspark.comJohn@trialspark.com
77%
FLast@trialspark.comJDoe@trialspark.com
16%
First.Last@trialspark.comJohn.Doe@trialspark.com
5%
Last@trialspark.comDoe@trialspark.com
2%

Frequently Asked Questions

What is Formation Bio's official website and social media links?

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Formation Bio's official website is formation.bio and has social profiles on LinkedIn and Crunchbase.

How much revenue does Formation Bio generate?

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As of October 2026, Formation Bio's annual revenue is estimated to be $50M - $100M.

What is Formation Bio's SIC code and NAICS code?

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Formation Bio's SIC code is 8731 - Commercial Physical and Biological Research and NAICS code is 541714 - Research and Development in Biotechnology (except Nanobiotechnology).

How many employees does Formation Bio have currently?

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As of October 2026, Formation Bio has approximately 200 employees across 5 continents, including North America, Africa and Europe. Key team members include Senior Director, Gmp Qa: N. D., Director Clinical Trial Management: E. H. and Director, Quality Assurance: P. P. Explore Formation Bio's employee directory with LeadIQ.

What industry does Formation Bio belong to?

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Formation Bio operates in the Biotechnology Research industry.

What technology does Formation Bio use?

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Formation Bio's tech stack includes Meta Ads Manager, Power BI, SAS, HashiCorp Terraform, CircleCI, NetSuite, Webflow and 1Password.

What is Formation Bio's email format?

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Formation Bio's email format typically follows the pattern of First@trialspark.com. Find more Formation Bio email formats with LeadIQ.

How much funding has Formation Bio raised to date?

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As of October 2026, Formation Bio has raised $528M in funding. The last funding round occurred on Jun 26, 2024 for $372M.

When was Formation Bio founded?

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Formation Bio was founded in 2013.
Formation Bio logo

Formation Bio

Biotechnology ResearchNew York, United States51-200 Employees

Formation Bio operates in the biotechnology sector with an AI-driven approach to drug development. It has built proprietary platforms designed to optimize critical aspects of clinical programs, aiming for faster trial execution and higher-quality data. The company acquires clinical-stage drugs from pharmaceutical and biotech partners to advance assets more quickly and extract greater value per program. Its customers are pharma and biotech organizations seeking to accelerate development timelines and improve outcomes across clinical trials. Based in New York, New York, the business is described as a mid-sized player in biotech research. In 2025, it added Mikael Dolsten as a strategic advisor, reflecting ongoing efforts to strengthen its scientific leadership.

Section iconCompany Overview

SIC Code
8731 - Commercial Physical and Biological Research
NAICS Code
541714 - Research and Development in Biotechnology (except Nanobiotechnology)
Founded
2013
Employees
51-200

Section iconFunding & Financials

  • $528M

    Formation Bio has raised a total of $528M of funding over 4 rounds. Their latest funding round was raised on Jun 26, 2024 in the amount of $372M as a Series D.

  • $50M - $100M

    Formation Bio's revenue is estimated to be in the range of $50M - $100M

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