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September 05, 2019___

Today's Rundown

Featured Story

Novartis bankrolls IFM Due's cGAS/STING pipeline—with $840M buyout option

Novartis is partnering with IFM Due, which is working on treatments targeting the cGAS and STING pathways. The Big Pharma will bankroll R&D for two programs in exchange for a buyout option worth up to $840 million.

Top Stories

Synlogic hires ex-Alnylam VP to lead medical department

Synlogic has named Richard Riese as chief medical officer. The arrival of the ex-Alnylam VP is one of several changes at the top of Synlogic’s medical, regulatory and financial departments.

Troubled Northwest Bio adds Merck alum to management team

Northwest Biotherapeutics has hired a new vice president of medical affairs and external collaborations: Kevin Duffy, Ph.D., who worked on Merck's PD-1 drug Keytruda from its early days through commercialization.

Quickfire megarounds tee Passage Bio up for gene therapy trials

Months after breaking cover with a $115.5 million series A, James Wilson-founded gene therapy startup Passage Bio has reeled in another $110 million to take several assets into the clinic while hustling other programs through preclinical studies.

Potential buyers size up Novartis site as layoffs loom for 400 workers 

The clock is ticking down for the 400 workers at a Novartis plant which was put on the block last year as the company cuts costs to finance new therapies. There is some hope, however, with half a dozen companies taking a look. 

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