Deerfield Management and Johns Hopkins University Launch Early-Stage Therapeutics Research Collaboration
New York - Paul Hastings, a leading global law firm, announced today that the firm represented Deerfield Management on the creation of Bluefield Innovations, a collaborative partnership with Johns Hopkins University and aimed at the development of early stage therapeutics. Bluefield Innovations 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.
Bluefield will provide up to $65 million in initial funding over five years to support the commercialization of early stage therapeutic research at Johns Hopkins, with additional funding available to advance research showing strong commercial potential. Research developed within Bluefield will either be licensed to third parties or spun out into new companies.
Deerfield Management launches Bluefield Innovations, a therapeutics partnership with Johns Hopkins University.
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