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Business
FoldRx Gets Funds From Fibrosis Group
August 20, 2007
| A version of this story appeared in
Volume 85, Issue 34
Cystic Fibrosis Foundation Therapeutics, an affiliate of the Cystic Fibrosis Foundation, will invest $22 million in FoldRx Pharmaceuticals, a Cambridge, Mass.-based biotech firm that develops drugs to address diseases caused by misfolded proteins. The funds, to be distributed over five years, will drive the discovery and development of compounds to correct a misfolded protein associated with cystic fibrosis. FoldRx will employ its yeast-based, high-throughput screening system to determine the mechanism of the misfolding and then come up with small molecules that address that defect.
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