Deal Watch: Genentech Gets Down In The Dirt With Lodo Therapeutics

Genentech and Lodo will mine the soil microbiome to discover novel therapeutics. China’s Luye licenses commercial rights to AstraZeneca’s Seroquel franchise, while Sarepta picked up rights to gene therapy candidates from Myonexus, plus an option to acquire the company.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Below is a roundup of some of the most noteworthy recent transactions. Deal Watch is supported by deal intelligence from Strategic Transactions.

Genentech Inc. is trying a different approach to go after difficult drug targets, partnering May 9 with New York-based start-up Lodo Therapeutics Corp. on a collaboration to use the latter’s Metagenomics Technology Platform to identify novel molecules with therapeutic potential for multiple disease-related targets

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