Pharma Industry News

AstraZeneca creates biotech spin-off, $250m in bank

Written by David Miller

Biotechs created from big pharma companies tend to have an easier start to life than most, and this is definitely the case for Viela Bio.

Viela will emerge with six drug candidates, including one drug in Phase 2 development, and $250 million in funds.

The candidates will be carried over from MedImmune’s portfolio and mainly focus on inflammation and autoimmunity, allowing AstraZeneca to once again re-focus its efforts into its key therapeutic areas.

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About the author

David Miller

a pharmacist, a tech enthusiastic, who explored the Internet to gather all latest information pharma, biotech, healthcare and other related industries.

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