Sanofi moves forward with Kymera partnership after positive data
A novel targeted protein degradation (TPD) candidate from Kymera Therapeutics (Nasdaq: KYMR) is to be advanced by its research and development partner, Sanofi (Euronext: SAN).
Sanofi has been working with Kymera since 2020, when it paid $150 million upfront for worldwide rights to its IRAK4 protein degraders for use in immunology and inflammation.
The news boosted shares in Kymera, which also announced positive clinical results from the patient cohort portion of its Phase I trial of the candidate, KT-474.
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