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Genomics CEO Says Vertex R&D Pact, £25m Series B Secure Its Viability

 
• By Sten Stovall

The Oxford biotech raised £25m from investors and inked a collaboration with Vertex that's probably worth tens of millions of pounds, maybe much more. The founder and CEO of Genomics PLC tells Scrip  the four-year-old company will also seek other pharma alliances.

Genetic research
Genomics and Vertex Will jointly apply human genetics and data science in drug discovery • Source: Shutterstock

In its second pact with a big pharma player, UK analytics group Genomics PLC has entered a three-year R&D alliance with Vertex Pharmaceuticals Inc. aimed at enhancing the discovery of targets for precision medicine, while also raising £25m which the biotech's founder says will allow it to further expand its business and platform capabilities.

Peter Donnelly told Scrip the three-year collaboration with Vertex was extendable to five years and aims to use human genetics...

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