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GSK’s Venture Deal With Avalon Yields Three Start-Ups In Two Years

 
• By Jessica Merrill

Silarus Therapeutics and Thyritope Biosciences are the latest two companies to be launched and financed by GlaxoSmithKline and partner Avalon Ventures. During Informa’s Pharmaceutical Strategy Conference, GSK’s Lon Cardon talked about how the partnership with Avalon is helping the Big Pharma access academic science.

It hasn’t even been two years since GlaxoSmithKline PLC and San Diego-based venture capital firm Avalon Ventures announced a partnership to fund up to 10 early-stage life science companies driven by research coming out of academia. But already the partnership has yielded three companies, a strong early track record for an innovative partnering model.

In late September, Avalon announced the launch of two new companies formed through its collaboration with GSK: Silarus Therapeutics Inc. and Thyritope Biosciences Inc

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