Roche's Genentech goes on deal spree, unveiling third deal on the same day
The business development executives at Roche’s Genentech have been busy shopping.
After announcing tie-ups with Sosei Heptares and Skyhawk on Tuesday, Genentech unveiled yet another deal: with Cleveland-based biotech Convelo Therapeutics.
The company, founded in 2016 by Case Western Reserve University School of Medicine professors, has been enlisted to help Genentech develop medicines with neurological disorders such as multiple sclerosis. The Roche company already sells the intravenous therapy Ocrevus, which was approved for relapsing forms of multiple sclerosis as well as primary progressive multiple sclerosis in 2017.
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