Flagship, Pfizer alliance yields two more startup deals [Yahoo! Finance]
Pfizer, Inc. (PFE)
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Source: Yahoo! Finance
Recommended Reading Surviving in biotech's new normal: 5 tips from industry VCs and CEOs Pfizer will work with two more startups incubated by Flagship Pioneering, which on Wednesday announced that Montai Therapeutics and Ampersand Biomedicines would hunt for drug candidates under an existing collaboration with the pharmaceutical giant. Montai aims to unearth new small molecule drugs for lung cancer, while Ampersand will help the pharma discover biologics for obesity. Flagship didn't reveal financial terms for either deal, though a spokesperson said Pfizer will cover the costs of R&D and has the option to license a program. Both deals are products of an alliance Pfizer and Flagship formed in 2023 under the firm's “ Pioneering Medicines ” initiative, which enables partners to tap into the research generated by Flagship's startup portfolio. The alliance is meant to help Pfizer discover up to 10 new drug candidates and has yielded deals with two other Flagship biotechs, ProFound
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PFE
Earnings
- 10/29/24 - Beat
PFE
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/4/24 - Form 10-Q
- PFE's page on the SEC website