Sanofi pens partnership on novel protein degrader therapies that could cost it $2 billion

9 July 2020

US biotech Kymera Therapeutics has entered into a multi-program strategic collaboration with Sanofi (Euronext: SAN) to develop and commercialize first-in-class protein degrader therapies targeting IRAK4 in patients with immune-inflammatory diseases.

This is the second major business collaboration for Sanofi this week, adding to one with Kiadis Pharma worth a potential of nearly $1 billion to the Dutch firm, underscoring both Sanofi’s all-in approach to immune-inflammatory diseases as well as the way that the company is approaching deal-making itself.

Sanofi has previously invested in one other protein degradation company this year: Nurix Therapeutics, in a $55 million upfront in a deal with a total of $2.55 billion.

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