Pfizer terminated a deal that Syros Pharmaceuticals made with Global Blood Therapeutics to develop treatments for beta thalassemia and sickle cell disease.
Pfizer acquired GBT last year for $5.4 billion.
Under the agreement from 2019, GBT had an exclusive license to develop and commercialize any compounds that resulted from the Syros collaboration. Syros is currently developing candidates for different types of cancer, including myelodysplastic syndromes and acute myeloid leukemia.
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