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Biopharma companies don’t usually buy experimental drugs that don’t work.

But that’s exactly what CODA Biotherapeutics has done.


On Wednesday, South San Francisco-based CODA announced its acquisition of Attenua, another venture-backed, early-stage biotech company. In exchange for an undisclosed amount, CODA got three of Attenua’s drug candidates. Attenua had hoped they would work as therapies for chronic cough.

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