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Astellas invests in new company focused on diabetes and celiac disease

 
• By Sukaina Virji

Astellas Pharma and Anokion have agreed to collaborate in the fields of type 1 diabetes and celiac disease. A new company, Kanyos Bio, has been created to develop clinical candidates in the two selected indications, with an option for Astellas to add a third autoimmune indication as part of the collaboration.

Astellas Pharma and Anokion have agreed to collaborate in the fields of type 1 diabetes and celiac disease. A new company, Kanyos Bio, has been created to develop clinical candidates in the two selected indications, with an option for Astellas to add a third autoimmune indication as part of the collaboration.

Astellas will provide non-dilutive research funding to Kanyos and holds an option to acquire Kanyos after reaching certain milestones

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