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Portola chalks up two big pharma names in factor Xa antidote tie-up

Date November 05, 2012

Portola Pharmaceuticals, a US biotech firm that has for years been touted as a flotation candidate, seems instead to have focused on cementing its reputation as a master deal-maker.

Its latest tie-up, covering the blood thinner antidote PRT4445, adds two more companies – Pfizer and Bristol-Myers Squibb – to the list of big pharma names that have been associated with the private biotech group. If it yields positive data this exploratory alliance could give Portola an important boost in an area with no current competition, as well as perhaps leading to a lucrative formal licensing deal.

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