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Novartis is expanding its investment in protein degradation therapies through a partnership with the British start-up Dunad Therapeutics. Novartis will pay Dunad $24 million up front and provide research funding to develop small-molecule drug candidates for up to four protein targets. Novartis has the exclusive option to license and clinically test the compounds, and Dunad could earn up to $1.3 billion in milestone payments. The investment bolsters Novartis’s own cancer-focused protein degradation projects.
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