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Sanofi, Third Rock form Warp Drive Bio to pursue genomic discovery
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Warping the VC model
Monday, January 16, 2012
While the buzz at last week's
30th Annual JPMorgan Healthcare Conference centered on the $2.5 billion takeout
of Inhibitex Inc. (NASDAQ:INHX) by Bristol-Myers Squibb (NYSE:BMS),
Sanofi CEO Christopher Viehbacher was working to focus investors on an early
stage investment in Warp Drive Bio LLC.
Warp Drive is using genomics to
identify natural drug products in the sequence of microbes, including products
that target pathways previously considered "undruggable." The biotech
was launched by Third Rock Ventures and Sanofi with up to $125
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