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Mereo BioPharma sets up shop with Novartis spin-offs

 
• By John Davis

New UK specialist biotech company Mereo BioPharma is on the look-out for a handful of further promising products to add to the three clinical-stage products it has just acquired from Novartis, according to company CEO Denise Scots-Knight.

New UK specialist biotech company Mereo BioPharma is on the look-out for a handful of further promising products to add to the three clinical-stage products it has just acquired from Novartis, according to company CEO Denise Scots-Knight.

The formation of Mereo BioPharma is being funded with $119m from UK institutional investors in a series A round, and follows a collaborative effort between Novartis and UK VC firm Phase4 Partners to set up the firm

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