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Novel Regeneron Deal Puts Partner Decibel In The Driver's Seat

 
• By Jessica Merrill and Mandy Jackson

Regeneron signed a unique agreement with the hearing-focused start-up Decibel in which it will make a minority equity investment and pay R&D costs, but leave full commercialization rights with its partner. The deal sprang from Regeneron’s outreach to venture-backed biotechs.

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Regeneron Pharmaceuticals Inc. is looking for ways to put its vast drug discovery and development machinery to work on behalf of start-ups that don't have the resources to build those capabilities on their own. Through that effort, it negotiated a novel collaboration with hearing-focused Decibel Therapeutics.

The deal's structure is unique: Regeneron will make an equity investment in Decibel and provide financial support for research and development, but the two-year-old biotech will retain full worldwide commercial rights to any therapeutics discovered under the collaboration that are designed to protect, repair and restore hearing. The arrangement announced Nov

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