GSK Buys One Of Eight Firms Formed In VC Partnership With Avalon

 
• By Jessica Merrill and Mandy Jackson

Celiac disease specialist Sitari was the first company formed under the six-year collaboration. Three were shut down and Avalon controls the other four, which aren't compatible with GSK's new R&D focus.

GSK and Avalon co-funded eight start-ups and GSK bought one: Sitari. • Source: Shutterstock

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