Carolina, Deerfield Management create Pinnacle Hill to accelerate discovery of new medicines

Pinnacle_Hill
November 2, 2018
By Shellie

The University of North Carolina at Chapel Hill and Deerfield Management have entered into a partnership to create Pinnacle Hill, LLC., a company seeking to discover new medicines to address the significant unmet medical needs of our times. Deerfield has committed $65 million of targeted funding and to provide drug development expertise in support of promising new drug research across a wide range of therapeutic areas.

“This is a very exciting new partnership between UNC-Chapel Hill and Deerfield Management,” said Chancellor Carol L. Folt. “In creating a new company, Pinnacle Hill, we are bringing together the best of academia and industry to accelerate innovative drug research. By investing in our faculty’s early-stage research, this partnership advances our commitment to improving the health and well-being of people around the world.”

Read full story at UNC.edu.