Flexion: The In-Licensing Advantage of Cheap Proof-of-Concept

The founders of Lilly's radical Chorus experiment have left the mother ship to do the extraordinarily fast and inexpensive proof-of-concept development that have made Chorus one of the most interesting models in the industry. The two new entrepreneurs, backed by Versant, hope that their new company, Flexion, will be able to preferentially sign deals for the shelved molecules that a host of in-licensing start-ups have also been seeking.