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Northwestern and Deerfield Management launch Lakeside Discovery to provide tomorrow's solutions in healthcare

Investment of up to $65 million will boost medical innovation at Northwestern

CHICAGO - Northwestern University and Deerfield Management announced today (May 31) the launch of Lakeside Discovery, LLC, with the mission to accelerate the translation of transformative biomedical technologies. Deerfield will provide up to $65 million of targeted funding and deep development expertise to advance promising Northwestern research.

“Lakeside Discovery, together with the 2019 opening of the Louis A. Simpson and Kimberly K. Querrey Biomedical Research Center, will further strengthen Northwestern’s position as one of the leading academic medical research centers in the world,” said Alicia Löffler, executive director of Northwestern’s Innovation and New Ventures Office (INVO). “Northwestern has a long history in therapeutic innovation that started with the discovery of Lyrica 30 years ago.  Lakeside will accelerate the translation of these life-saving innovations.

“Lakeside will highlight Chicago as a preeminent hub for tomorrow’s cures, with the best medical researchers and clinicians working to improve the lives of patients,” said Löffler, who is also the University’s associate provost for innovation and new ventures and associate vice president for research. “We are excited to partner with Deerfield Management on this transformational new venture."