After an amazing day in Paris for Labiotech Refresh, we head back to Germany to meet Proteros. The company is working non-stop to provide drug candidates against some of the hottest targets in biotech.
City: Munich, Germany
Financial data: The company just announced a €157M ($167M) deal with MSD
Mission: Proteros’ expertise in structural biology has led the company to build a strong pipeline focused on oncology and neurology. Its drugs are directed at epigenetic targets, kinases, and G-protein-coupled receptors (GPCRs), three hot areas in the biotech industry.
Comment: The new deal with MSD comes as another great collaboration for Proteros on top of already established ones with top level players Janssen and Bayer. Unfortunately, the company keeps secret most details of these partnerships, so it’s difficult to evaluate its impact.
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