Horizon Discovery and Centauri launch joint venture
Gene specialist Horizon Discovery (LSE: HZD) has teamed up with biotech firm Centauri to form an immuno-oncology joint venture.
Avvinity will combine Horizon’s gene editing, immunology, oncology and drug discovery capabilities with Centauri’s Alphamer technology to provide a powerful and proprietary platform to discover and develop novel immuno-oncology therapeutics, for both solid tumours and leukemias.
It will be targeting an immuno-oncology market currently worth £25 billion ($35.05 billion) per year and expected to grow to approximately £50 billion per year by 2020.
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