Versant Ventures exits Firefly Bio to Johnson & Johnson

Firefly Bio is a biotechnology company developing the Firelink degrader antibody conjugate platform, designed to deliver targeted protein degraders directly to cancer cells to treat difficult-to-address solid tumors.

Johnson & Johnson acquired Firefly Bio for $1 billion in cash, gaining a novel technology intended to selectively target KRAS-driven cancers and other hard-to-treat malignancies while preserving healthy tissue.

GroveStreet first became a Versant Ventures LP in 2018. Read more here.

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