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Biotech co. provides $30M to start new biopharmaceutical firm with M.D. Anderson

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Thanks to $30 million from a clinical stage biotech company, the M.D. Anderson Cancer Center has started a new biopharmaceutical firm to find treatments for multiple cancers. The University of Texas M.D. Anderson Cancer Center has partnered with Palo Alto, California-based BridgeBio Inc. to launch Navire Pharmaceuticals, which will develop small-molecule inhibitors to treat genetically driven and treatment-resistant cancer, according to an Oct. 4 press release. Navire expects to begin clinical…

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