Pfizer and Flagship Pioneering, a renowned venture firm known for incubating biotech companies like Moderna Inc, have announced a joint investment of $100 million.
Flagship, which has stakes in several other biotech companies including Moderna, will invest $50 million in the Pfizer partnership. Its drug discovery initiative, called Pioneering Medicines, will lead the research for new drug molecules.
/PRNewswire/ Flagship Pioneering, Inc. and Pfizer Inc. (NYSE: PFE) today announced the companies have partnered to create a new pipeline of innovative.
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