Insights

AI-Driven Advantage Formation Bio leverages AI-native platforms to accelerate drug development, presenting a clear opportunity to position complementary AI tooling, data integration services, and consulting that can further shorten trial design cycles and improve data quality for prospective partners.

Strategic Asset Acceleration The company specializes in acquiring clinical-stage assets and fast-tracking development, suggesting sales opportunities around early-stage due diligence, portfolio optimization, and value-creation services for partners looking to monetize or revive stalled programs.

High-Profile Collaborations Past and ongoing partnerships with Sanofi, OpenAI, and notable investors indicate a readiness to engage with large biopharma and AI collaborators, creating avenues for enterprise-scale AI solutions, co-development deals, and strategic advisory services.

Experienced Leadership With strategic advisor Mikael Dolsten joining and a history of substantial funding rounds, there is credibility for upsell opportunities in advanced analytics, clinical trial optimization, and consulting engagements aimed at pharma R&D leadership.

Strong Financial Position Revenue in the tens of millions and a multi-hundred-million funding footprint imply capacity for additional collaborations and long-term partnerships, including expanded AI-driven trial design, data management platforms, and software as a service offerings.

Formation Bio Tech Stack

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

Media & News

Formation Bio's Email Address Formats

Formation Bio uses at least 3 format(s):
Formation Bio Email FormatsExamplePercentage
First@trialspark.comJohn@trialspark.com
77%
FLast@trialspark.comJDoe@trialspark.com
16%
First.Last@trialspark.comJohn.Doe@trialspark.com
4%
Last@trialspark.comDoe@trialspark.com
3%

Frequently Asked Questions

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

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Formation Bio's official website is www.formation.bio and has social profiles on LinkedInCrunchbase.

How much revenue does Formation Bio generate?

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

What is Formation Bio's SIC code NAICS code?

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Formation Bio's SIC code is 8731 - Commercial Physical and Biological Research 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 August 2026, Formation Bio has approximately 200 employees across 5 continents, including North AmericaAfricaSouth America. Key team members include Senior Director, Gmp Qa: N. D.Associate Director Program Management: C. K.Director Clinical Trial Management: E. H.. 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 ManagerDatabricksPower BIApache AirflowMicrosoft SharePointFigmaZapier1Password.

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 August 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 $372Mas a series_d.

  • $50M - $100M

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

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 $372Mas a series_d.

  • $50M - $100M

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

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