Novartis in protein quest
Novartis has entered into a four-year partnership with ProFound Therapeutics Inc of the US to explore the vast domain of proteins contained in the human proteome in order to find new targets for cardiovascular medicines. Announced on 26 June, the collaboration will entail an upfront payment of $25 million with potential near-term milestone payments of $750 million for each target selected. ProFound was founded in 2020 by Flagship Pioneering, a Cambridge, US-based venture capital group.
