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Celgene alliance gives VentiRx funding and expertise - and maybe a new owner

 
• By Mandy Jackson

When it came time to evaluate partners for its toll-like receptor 8 (TLR8) agonist VTX-2337, privately-held VentiRx Pharmaceuticals went with Celgene, because of the public company's success in developing cancer therapies and its growing interest in both immunotherapies and the treatment of solid tumours.

When it came time to evaluate partners for its toll-like receptor 8 (TLR8) agonist VTX-2337, privately-held VentiRx Pharmaceuticals went with Celgene, because of the public company's success in developing cancer therapies and its growing interest in both immunotherapies and the treatment of solid tumours.

Of course, Celgene's $35 million upfront payment accompanied by an exclusive option to buy Seattle, Washington-based VentiRx, made the deal even sweeter for the 10-person venture capital-backed firm and

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