hotspot -WSS

hotspot

author：Wikipedia 2025-09-29 21:27:01 - browse：893

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： Psychedelics group wrestles with new pharma identity
Next article： Adidas to release second batch of Yeezy sneakers after breakup with Ye

entertainment

WSS

Ph.D. graduate surprised with gift registry: 'You deserve to be celebrated'

Man with guns arrested near Obama home 'attempted to evade' Secret Service: Prosecutors

Japan raises alarm over China's military, Russia ties and Taiwan tensions in new defense paper

Europe is fastest

EU moves toward latest gene techniques in food production to counter climate change, shortages

Following judge's order, DOJ releases slightly less

hotspot

hotspot

hotspot

In age of alternative facts, a scholarly course on calling out crap

Myanmar's Supreme Court hears arguments in 2 appeals by ousted leader Aung San Suu Kyi

FDA approval of Sarepta Duchenne genetic therapy gives me hope

Biden's Plan B on student loan forgiveness relies on Higher Education Act: What to know

What does generative AI mean for health care? We asked experts

Suspect in Ukraine detonates explosives at a courthouse, killing himself and wounding 2 officers

Psychedelics group wrestles with new pharma identity

Teacher posts viral 'school supply rant' with advice for parents

Tori Bowie and the unacceptable rates of Black maternal death

Former New York Mayor de Blasio and wife announce separation, but not divorce

hotspot

Putin woos African leaders at a summit in Russia with promises of expanding trade and other ties

Europe is fastest

Man with guns arrested near Obama home 'attempted to evade' Secret Service: Prosecutors

9 mass shootings over the weekend rock US cities, leaving 5 dead, 56 injured

Search warrant issued in 1996 disappearance of Kristin Smart

Supreme Court shows surprising restraint in chaotic year of crises: ANALYSIS

knowledge

entertainment

Wikipedia

knowledge