Nurix Therapeutics Inc. and Sanofi partnered to develop protein degradation therapies for three targets and multiple diseases. Sanofi, which has an option to license compounds for two additional targets, has exclusive rights to the candidates and is responsible for clinical development and commercialization. Nurix, which has a co-development and co-promotion option to up to two products in the U.S., will receive an upfront payment of $55 million and is eligible for $2.5 billion in milestones, plus royalties