hotspot -WSS

hotspot

author：explore 2025-08-26 23:47:00 - browse：59596

Paul Biondi Flagship

Pharma giant Pfizer is turning to venture firm Flagship for new drug development, signing a deal worth up to $7 billion to mine new medicines from the latter’s portfolio companies.

Flagship and Pfizer announced Tuesday that they will each put $50 million into developing up to 10 drug candidates. Pfizer will have first rights to acquire each for up to $700 million, plus royalties. Flagship’s portfolio companies will also share in any payments that come out of the partnership.

Flagship has historically developed new medicines by forming and spinning out startup companies, some of which have signed their own collaboration deals with the likes of Amgen or Nestlé Health Science. But in recent years, the firm has been pursuing external partnerships through a new business division called Pioneering Medicines, led by former Bristol Myers Squibb executive Paul Biondi. Pioneering Medicines uses technologies and other scientific platforms being developed by Flagship’s portfolio companies to look for possible therapies in disease areas that the startup may not be working in.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!

GET STARTED Log In

Previous article： Supreme Court strikes down use of affirmative action
Next article： Sickle cell gene therapy cures need to be accessible in Africa

entertainment

Wikipedia

WSS

Grail's uphill battle for Medicare to cover its cancer screening test

Congress might make insulin pumps more accessible to the blind

Kerry to visit Beijing for climate talks amid efforts to revive relations between US and China

Abbott's new heart device gets FDA advisory panel nod

The debate over Covid

France's anti

explore

hotspot

Wikipedia

State Dept. review finds Biden bears some blame for Afghanistan failures

Watch the official trailer for 'Ahsoka' series

As demand for Covid shots wanes, Moderna seeks its next success

Having children helps parents live longer, especially after age 80

Tori Bowie and the unacceptable rates of Black maternal death

Rapinoe says her retirement call will help US women's soccer team to focus at World Cup

Over 800 arrested across France in 3rd night of riots after fatal police shooting of teen

Cuban government calls US nuclear submarine stop a 'provocative escalation'

The Supreme Court will review a ruling striking down a domestic violence federal gun ban

Lilly to acquire Dermira for $1.1 billion, adding eczema drug to its pipeline

hotspot

Readout Newsletter: Replicate, Biogen's Leqembi, and Humira

Too many hospitalized Covid

Too many hospitalized Covid

Readout Newsletter: Amylyx, Aurinia, and IQVIA

The debate over Covid

Congress might make insulin pumps more accessible to the blind

entertainment

knowledge

Wikipedia

entertainment