GlaxoSmithKline (Research Triangle Park, NC) and ChemoCentryx
(Mountain View, CA) formed a worldwide multitarget strategic alliance to
discover, develop, and market novel medicines for the treatment of a
variety of inflammatory disorders. GlaxoSmithKline will have access to
select chemokine-based therapeutics, and will issue ChemoCentryx an
upfront payment of $63.5 million in cash and series D financing, along
with research funding and potential milestone payments of up to $1.5
billion.
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