Silverback Therapeutics prices IPO at $21/share, will raise $241M in 4th Wash. state IPO of 2020

SIlverback Therapeutics CEO Laura Shawver. (Silverback Photo)

Silverback Therapeutics will raise $241.5 million as the Seattle biotech company goes public Friday.

Silverback priced its IPO on Thursday evening at $21 per share, which exceeded the high end of its expected range ($17 to $19). The company is selling 11.5 million shares.

Founded in 2016, Silverback uses a proprietary technology platform called ImmunoTAC to develop therapies that target specific areas of disease in a way designed to avoid damaging healthy tissue. Its lead product candidate, designated SBT6050, uses monoclonal antibodies to target breast, gastric and lung cancers. It’s currently in Phase 1/1b clinical trials, according to its IPO filing.

Silverback will be the fourth Washington state company to go public this year, following health tech startup Accolade, marketing startup ZoomInfo, and Athira Pharma, another Seattle-based biotech company that went public in September.

A record number of biotech companies are going public

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Washington state ranks No. 2 nationwide for annual video game industry economic output at $11.6B

(Halo Infinite Photo)

Washington state’s video games industry overtook Texas last year and claimed the No. 2 spot for total economic output, as the U.S. video game industry grew to new heights yet again.

Those are two takeaways from a new report published by the Entertainment Software Association (ESA), the games industry’s trade organization in the U.S.

In Washington state, the local games industry represents 48,808 jobs, with an economic output of $11.6 billion. This puts it ahead of all other states besides California, which has an effectively insurmountable lead. A little over half of all game development nationwide is done in California, which accounts for $51 billion of the more than $90 billion in economic output generated nationwide in 2019.

The ESA defines “economic output” as “the total value of the goods and services produced in the economy.”

Washington has been an important overall part of the U.S.

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Facebook could face a state antitrust lawsuit as soon as next week

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019.

Erin Scott | Reuters

State attorneys general are preparing to file an antitrust lawsuit against Facebook as soon as next week, sources familiar with the matter told CNBC’s Ylan Mui. At least 20 to 30 states could join in, the sources said.

The news comes as multiple outlets have reported the Federal Trade Commission is likely to file its own antitrust lawsuit against the social media giant. It’s still unclear where the FTC may choose to bring a case — either in federal court or before its administrative law judge. If it chooses to bring the case in-house, it cannot combine its lawsuit with the states. Reuters previously reported the states were planning an antitrust case against Facebook.

Both the FTC and the state AGs, led by New York’s Letitia James,

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Massachusetts on the verge of becoming first state to ban police use of facial recognition

Massachusetts lawmakers this week voted to ban the use of facial recognition by law enforcement and public agencies in a sweeping police reform bill that received significant bipartisan support. If signed into law, Massachusetts would become the first state to fully ban the technology, following bans barring the use of facial recognition in police body cameras and other, more limited city-specific bans on the tech.



a close up of a map


© Illustration by Alex Castro / Th


The bill, S.2963, marks yet another state government tackling the thorny ethical issue of unregulated facial recognition use in the absence of any federal guidance from Congress. It also includes bans on chokeholds and rubber bullets in addition to restrictions on tear gas and other crowd-control weapons, as reported by TechCrunch. It isn’t a blanket ban on facial recognition; police will still be able to run searches against the state’s driver’s license database but only with a

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Ohio State vs. Michigan State odds, line: Advanced computer model reveals spread picks for Saturday’s game

The No. 3 Ohio State Buckeyes will try to stay on track to make the College Football Playoff when they take on the Michigan State Spartans on Saturday at Spartan Stadium in East Lansing, Mich. Kickoff is set for noon ET. William Hill Sportsbook pegs the Buckeyes as 23.5-point favorites in the latest odds, while the Over/Under for total points scored is 59.5. (Find the latest college football lines for every game this week on our college football odds page.) 

Before making any Michigan State vs. Ohio State picks, you need to check out the college football predictions from the SportsLine Projection Model.

The SportsLine Projection Model simulates every FBS college football game 10,000 times. Over the past four-plus years, the proprietary computer model has generated a stunning profit of over $3,500 for $100 players on its top-rated college football picks against the spread. It is also a sizzling 49-25

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Boise State vs. UNLV line, picks: Advanced computer model reveals picks for Friday’s matchup

The Boise State Broncos (4-1) and the UNLV Rebels (0-5) square off Friday night in a Mountain West Conference game at Allegiant Stadium in Las Vegas. Kickoff is set for 9:30 p.m. ET. The Broncos are a 27.5-point favorite in the latest Boise State vs. UNLV odds from William Hill Sportsbook, while the over-under is 61 (For the latest college football lines for all of this week’s games, head over to our college football odds page).

Before making any Boise State vs. UNLV picks, you MUST check out the FBS college football predictions from the SportsLine Projection Model.

The SportsLine Projection Model simulates every FBS college football game 10,000 times. Over the past four-plus years, the proprietary computer model has generated a stunning profit of over $3,500 for $100 players on its top-rated college football picks against the spread. It is also a sizzling 49-25 on all top-rated picks through

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Duke vs. Michigan State line, picks: Advanced computer college basketball model releases selections for Champions Classic matchup

The Michigan State Spartans visit the Duke Blue Devils in a highly anticipated non-conference matchup at 7:30 p.m. ET on Tuesday. Duke is favored by four points at William Hill Sportsbook, while the Over-Under is set at 152 (see up-to-date odds for every game this week on our college basketball odds page). Before making any Duke vs. Michigan State picks, you NEED to check out the college basketball predictions from the SportsLine Projection Model.

The SportsLine Projection Model simulates every FBS college basketball game 10,000 times. Over the past four-plus years, the proprietary computer model has generated an impressive profit of almost $2,600 for $100 players on its top-rated college basketball picks against the spread. It’s also off to a fast start in the 2020-21 season, going 4-1 on its top-rated picks and returning over $300. Anyone who has followed it has seen HUGE returns.

Now, it has set its

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The FTC and state attorneys general are reportedly aiming up to 4 new antitrust lawsuits at Facebook and Google as talk of regulation continues to heat up



a close up of Sundar Pichai wearing glasses and looking at the camera: Carsten Koall/Getty Images; Alex Wong/Getty Images


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Carsten Koall/Getty Images; Alex Wong/Getty Images

  • The Federal Trade Commission and state attorneys general are gearing up to hit Google and Facebook with new antitrust lawsuits in the coming weeks, per a Monday report from The Wall Street Journal.
  • The probes will focus on whether the companies have had unfair advantages in their domination of the search and ad market and social media.
  • The DOJ and state attorneys generals have been probing aspects of Google’s business, including its search, online advertising, and Android practices, since 2019. The DOJ filed an antitrust lawsuit against Google in October.
  • But if the government sued Facebook, it would be the first major US government antitrust action taken against the social media company.
  • Visit Business Insider’s homepage for more stories.

Federal and state officials are gearing up to slap Facebook and Google with up to four new antitrust lawsuits by

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The frequent curb on Internet access in Manipur has become a means of suppressing freedom of expression in the State

A recent study reveals how periodic curbs on the Internet in Manipur are one in a long line of attempts to suppress freedom of expression in the State

Social and political movements often invite multiple threats to freedom of expression. We know about the curbs imposed on the Kashmir valley; Manipur is another such place. The State faced five Internet shutdowns in the four years between 2015 and 2019: any incident, big or small, has led to a shutdown of mobile Internet telephony. This has become almost as regular an affair as the frequent curfews once imposed on the State.

Over the decades, freedom of expression has been sought to be stifled through various means like diktats on media houses regarding content, ban on local television channels, and even the killing of journalists. Activists, journalists and ordinary people alike are muzzled. The curb on Internet access is one in the

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Advanced computer model locks in picks for Oregon vs. Oregon State, Week 13, 2020

A Pac-12 battle is on tap between the Oregon State Beavers and the Oregon Ducks at 7:30 p.m. ET on Friday at Reser Stadium. Oregon State is 1-2 overall and 1-1 at home, while Oregon is 3-0 overall and 1-0 on the road. The Ducks are ranked first in the North Division; Oregon State is ranked fourth. The Ducks are favored by 13 points in the latest Oregon State vs. Oregon odds from William Hill Sportsbook, and the Over-Under is set at 64.5.

Before you make any Oregon vs. Oregon State picks, you’ll want to see the college football predictions from the SportsLine Projection Model.

The SportsLine Projection Model simulates every FBS college football game 10,000 times. Over the past four-plus years, the proprietary computer model has generated a stunning profit of over $3,600 for $100 players on its top-rated college football picks against the spread. It is also a

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