The University of Chicago and health care investment firm Deerfield Management announced on Jan. 28 the launch of Hyde Park Discovery, a collaboration aiming to advance the development of new medicines and other life-saving treatments for disease.
Over the next ten years, Deerfield will provide up to $130 million in targeted funding, as well as operational and scientific expertise to advance UChicago discoveries with the potential to become novel therapies. The strategic agreement brings together UChicago’s leading research and innovation capabilities across several key therapeutic areas and Deerfield’s expertise in health care product development.
“The Biological Sciences Division at UChicago and the UChicago Medicine health system comprise a distinct environment that brings together basic researchers studying fundamental biology and physicians who provide advanced patient care. It is crucial to have the kind of support and innovative capabilities that Deerfield brings to accelerate discoveries and create meaningful results for our community and the world,” said Mark Anderson, dean of the Biological Sciences Division and the Pritzker School of Medicine and executive vice president for Medical Affairs at UChicago.