Johns Hopkins has $65M to spend on taking their drugs right up to human studies
Researchers at Johns Hopkins University now have a new way to take a promising therapy to the threshold of Phase I, burnishing the value of what they have for the spinouts and biopharma groups that will take a select few therapies to the clinic.
Deerfield Management is funding the program with $65 million to start. But that money, of course, comes with strings attached.
The new in-house incubator is called Bluefield Innovations, and its primary goal is to advance Johns Hopkins research that shows strong commercial promise. The program will take the university’s research through pre-clinical development all the way to IND.
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