Finding new therapies and medicines for some of the world’s most perplexing and deadly diseases won’t happen with a same-old, same-old mindset. And that’s why, in late 2018, UNC-Chapel Hill and Deerfield Management set out to build something new.

Pinnacle Hill, the research and development partnership between the University of North Carolina at Chapel Hill and Deerfield Management Company, an investment management firm, recently announced its first project agreement to advance the preclinical development of new medicines.

The University of North Carolina at Chapel Hill and Deerfield Management have entered into a partnership to create Pinnacle Hill, LLC., a company seeking to discover new medicines to address the significant unmet medical needs of our times. Deerfield has committed $65 million of targeted funding and to provide drug development expertise in support of promising new drug research across a wide range of therapeutic areas.