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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 11/30/1966
Place of birth : Francfort - Germany
Biography : Founder of 8 different companies, including: Palantir Technologies, Inc., PayPal, Inc. and The Found

Peter Thiel joins board of antibody therapy developer AbCellera

11/19/2020 | 11:44am EDT
PayPal co-founder and Facebook board member Thiel delivers speech on US presidential election at the National Press Club in Washington

(Reuters) - Billionaire venture capitalist Peter Thiel has joined AbCellera Biologics Inc's board of directors, the Canadian antibody therapy developer said on Thursday.

Thiel, who has backed several startups as they went public, is an existing investor in AbCellera. He joins the startup's board a couple of months after Reuters reported that it had hired investment banks for a U.S. initial public offering, which could come this year.

AbCellera has been working with Eli Lilly and Co to develop a treatment for the novel coronavirus.

Thiel is known for his early investments in Facebook and co-founding electronic payment service provider Paypal Inc. In September, he took data analytics firm Palantir Technologies Inc public through a direct-listing.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Amy Caren Daniel)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ELI LILLY AND COMPANY -1.96% 217.1 Delayed Quote.28.58%
FACEBOOK INC 0.46% 340.59 Delayed Quote.24.69%
PALANTIR TECHNOLOGIES INC. 3.43% 26.27 Delayed Quote.7.86%
PAYPAL HOLDINGS, INC. 0.48% 288.12 Delayed Quote.23.02%