Deerfield takes translational partnership model to Harvard with $100M deal
In an increasingly generous effort to bridge some of America’s best biomedical research with the commercial world, Deerfield has committed $100 million to a new translational research alliance with Harvard University.
Through a company dubbed Lab1636, Deerfield will fund a number of R&D projects that bolster drug discovery and development, for example studies to explicate the biology of disease, validate therapeutic targets, or achieve IND-enabling proof-of-concepts. In addition, the investment firm will help university researchers liaise with outside companies for licensing deals, as well as nurture new startups coming out of the university.
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