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Roivant takes aim at resistant infections with $667.5M Intron deal

Nov 20, 2018 - FierceBiotech

Fresh from a $200 million fundraising that pushed its valuation above $7 billion, Roivant Sciences has spent more money on its R&D portfolio, licensing a midstage drug for resistant bacteria from South Korea's Intron Biotechnology.

Vivek Ramaswamy's fast-growing biotech group is paying $10 million upfront for rights to SAL200 (Tonabacase), a biologic it says is based on an enzyme (endolysin) derived from a bacteriophage—a virus that infects bacteria—that acts by breaking down bacterial...