Novartis CEO joins Anthropic's board

Elaine Chen covers biotech, co-writes The Readout newsletter, and co-hosts STAT's weekly biotech podcast, The Readout Loud. You can reach Elaine on Signal at elaineywchen.70.

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Good morning. A reminder that if you're ever feeling down about a mistake you made, there is always a way to turn it around -- like how this delivery robot company has turned the issue of its robot crashing into my local bus stop into a marketing opportunity.

After Bain Capital last summer said it licensed five immunology drugs from Bristol Myers Squibb, it's now unveiling the company to take those treatments forward: a startup called Beeline Medicines.