How Deerfield, UCSD’s Poseidon Innovation will support early R&D, start-ups

Deerfield Management and the University of California San Diego launched Poseidon Innovation LLC to support early stage drug development research at UCSD, with a $65 million commitment from the investment firm.

A joint steering committee comprising UCSD and Deerfield members will direct selected projects, which will have access to full funding to complete all studies necessary to support an IND...