Genentech gets gluey, paying $47M upfront to Orionis for degrader discovery deal

In its second deal announced Wednesday morning, Roche’s Genentech is signing up with Orionis Biosciences for a molecular glue partnership in cancer and neurodegeneration.

Genentech will pay Orionis $47 million upfront, and it’s promised over $2 billion in potential downstream milestones. Orionis, a biotech company based…
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