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Medivir's Oncology Asset Purchase Seals TetraLogic's Death

 
• By Sukaina Virji

Medivir, which recently reinvented itself as a solely oncology-based R&D company, is buying two programs for TetraLogic which will subsequently 'terminate all remaining employees'.

TetraLogic Pharmaceuticals Corp., whose shares have been in freefall since the start of the year, is selling its SMAC mimetic program, including its clinical-stage asset birinapant, and its topical HDAC inhibitor, SHAPE (also known as remetinostat), to Medivir AB.

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