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Flexion: The In-Licensing Advantage of Cheap Proof-of-Concept

This article was originally published in Start Up

Executive Summary

The founders of Lilly's radical Chorus experiment have left the mother ship to do the extraordinarily fast and inexpensive proof-of-concept development that have made Chorus one of the most interesting models in the industry. The two new entrepreneurs, backed by Versant, hope that their new company, Flexion, will be able to preferentially sign deals for the shelved molecules that a host of in-licensing start-ups have also been seeking.

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