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Pharmaceuticals

Goldfinch shuts down, Karuna snaps up drug candidates

by Gina Vitale
February 10, 2023 | A version of this story appeared in Volume 101, Issue 6
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Karuna Therapeutics is snapping up assets from Goldfinch Bio, a developer of kidney disease medicine that is closing its doors. Karuna, which develops medicines for psychiatric and neurological conditions, will pay the assignment estate of Goldfinch $15 million up front for global development, manufacturing, and commercialization rights to several of Goldfinch’s drug candidates. The assignment estate may also get up to $520 million in milestones for each licensed candidate. Among the potential drugs Karuna gets the rights to is the lead clinical-stage candidate GFB-887, which it will evaluate for treating mood and anxiety disorders.

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