Baxter creates Vitesse as early R&D engine

As Baxter gets ready to transition out its pharma portfolio into a freestanding company, the pharma's venture arm is teaming up with the Mayo Clinic and Velocity Pharmaceutical Development to create a new early-stage biotech dubbed Vitesse Biologics.

The biotech will focus on hematology, immunology and oncology with each of the contributing entities providing their expertise to help...

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