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Engine Biosciences, a biotech company, has raised $27 million in a series A top-up funding round. This comes as biotech and life sciences investors continue to attract new funds, despite biotech stock indexes reaching new lows. Bioluminescence, another biotech venture, has also entered the spotlight with almost $500 million under management. In addition, life science investors have closed nearly $6 billion in new funds. However, there are concerns that these funding heights may not be sustainable. As a result, the biotech industry is expected to experience a downturn.