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Deerfield And Illumina Join Forces To Fund New Discoveries, New Companies

Start-Ups, Additional Collaborations Could Emerge

 
• By Mandy Jackson

Investor Deerfield Management and genomic sequencing giant Illumina entered into a five-year partnership to identify novel targets and drug candidates that may be spun out into new companies.

Dna test infographic. Genome sequence map.
Illumina will apply its AI tools and genomic data to target and drug discovery in partnership with Deerfield • Source: Shutterstock

Health care investment firm Deerfield Management and DNA sequencing pioneer Illumina, Inc. revealed a five-year partnership on 5 May focused on the identification of new drug targets and discovery of novel therapeutics. Drug candidates that make biological and financial sense may be spun out into start-ups backed by Deerfield and potentially other investors, which may include Illumina.

The partnership will combine Illumina’s genomic sequencing and data mining capabilities with Deerfield’s expertise in translational science, drug discovery and development, new company formation and finance, and business development

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