explore -WSS

explore

author：comprehensive 2025-09-14 21:36:11 - browse：11

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： Hepatitis C has a cure — but many Americans still lack access to it
Next article： The U.S. needs a new definition of substance use “recovery”

Wikipedia

WSS

How neuroscience research could help beat back brain cancer

Biden’s NIH nominee is languishing in Congress

Medicare wants to send $9 billion to 340B hospitals

Parents surprise family after baby discharged from NICU after 170 days

Rikers Island jail violence not addressed, NYC should be held in contempt: Fed monitor

Bank of America ordered to pay more than $100 million for double charging fees, withholding rewards

focus

explore

leisure time

23andMe had bad news about my health. I wish a person had delivered it

Bank of America ordered to pay more than $100 million for double charging fees, withholding rewards

Indiana Supreme Court upholds abortion ban, says state constitution gives only limited protections

Humans aren't the only ones with an imagination. Rats have it too

DIEP, the 'gold standard' of breast reconstruction, is under threat

‘Insidious 5’ topples 'Indiana Jones' before ‘Mission: Impossible’ launches

Indiana Supreme Court upholds abortion ban, says state constitution gives only limited protections

Biden declares emergency in flood

Bright Health sells Medicare Advantage business to Molina

Rikers Island jail violence not addressed, NYC should be held in contempt: Fed monitor

focus

Life sciences investors close nearly $6 billion in new funds

The aspartame in Diet Coke probably isn’t giving you cancer

Coloradans with cystic fibrosis could lose access to Trikafta

Bank of America ordered to pay more than $100 million for double charging fees, withholding rewards

Readout LOUD podcast: The Sarepta saga, decoding biotech hype

The aspartame in Diet Coke probably isn’t giving you cancer

entertainment

entertainment

Wikipedia

entertainment