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Illumina is taking steps in the direction of drug discovery. It will partner for 5 years with the life sciences investment firm Deerfield Management. Illumina’s gene-sequencing technology and artificial intelligence tools will speed identification of drug targets, the company says, while Deerfield will bring expertise in early-stage drug development. Illumina will apply similar tools in a separate agreement with Janssen Biotech. Joydeep Goswami, Illumina’s chief strategy and corporate development officer, told a recent conference that he hopes to sign more such deals.
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