Bayhill Therapeutics Snags $350M Deal with Genentech
By Donna Young
Thursday, June 11, 2009
Privately held Bayhill Therapeutics Inc. stands to gain more than $350 million, including $25 million up front in cash and equity, from biotech giant Genentech Inc. in exchange for the worldwide development and commercialization rights for BHT-3021, which is being investigated as an immunotherapy for Type I diabetes. (BioWorld Today)
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