Broad Institute and Deerfield Management Form on Early-Stage Therapeutics Research Partnership
New York - Paul Hastings, a leading global law firm, announced today that the firm represented Deerfield Management on the launch of a pioneering, early-stage therapeutic research partnership with The Broad Institute of MIT and Harvard. The partnership brings together a leading investment firm with a prominent academic research institution with the goal of bringing therapeutics from the lab to the clinic and ultimately to market. The partnership includes funding for early-stage academic research, and Deerfield has committed to supporting new entities to develop therapies based on the most promising projects.
Deerfield will commit more than $50 million to the advancement of therapeutic research projects at the Broad Institute over an initial period of five years, and will dedicate any of its profits from a successful therapeutic earned by its Healthcare Innovations Fund to its philanthropic arm, the Deerfield Foundation.
Deerfield Management and Broad Institute to Form Research Partnership
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