Duke University has locked down a $130 million partnership to expand its commercialization efforts – giving a boost to the university's potential for more drug spin-outs.
The university has announced a collaboration with Deerfield Management Company – a New York-based a health care investment firm – to form a new company to back research on Duke's campus. The company is named Four Points Innovation and will be funded initially by the $130 million provided by Deerfield. The funding is expected to last for at least 10 years.
Image: Duke University has formed a partnership to expand research and development on the campus. CHRIS HILDRETH, DUKE UNIVERSITY PHOTOGRAPHY
