Allergan enlists Exicure in search of hair loss drugs with $25M upfront, doubling down on area dear to AbbVie
After AbbVie became a formidable player in medical aesthetics overnight by swallowing Allergan, the Botox maker is beefing up the pipeline with new R&D projects.
The latest deal brings in the gene expression experts at Exicure, who is receiving $25 million upfront to discover and develop two new treatments for hair loss disorders. Utilizing its spherical nucleic acid (SNA) technology, the biotech starts with an artificial nanosphere as a scaffold, assembling single- and double-stranded nucleic acids on the surface to find molecules that could modulate antisense or RNAi pathways.
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