Privately-held biotech X-Chem Pharmaceuticals has agreed terms with California’s Gilead Sciences (Nasdaq: GILD) for a drug discovery collaboration using its platform, targeting antivirals and other small molecules.
The firm will screen its proprietary DEXTM libraries, containing up to 120 billion individually DNA-encoded small molecules.
Gilead has the option of licensing any drug leads that are discovered, and will be responsible for further development and commercialization of the resulting programs.
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