Kymera Therapeutics — continuing its pivot from oncology to immunology — released a number of updates on Wednesday, including a new drug development agreement with Gilead Sciences potentially worth up to $750 million, and an update to an existing collaboration with Sanofi. Under the new pact, Gilead will pay $85 million in upfront and potential option exercise payments for Kymera's molecular glue degrader (MGD) programme targeting CDK2, which has broad potential in oncology, including breast cancer and other solid tumours.Kymera announced last November that its focus would shift to immunology, while it would seek partners for its oncology degrader candidates KT-333 and KT-253, which target STAT3 and MDM2, respectively."MGDs are opening exciting new possibilities in cancer research by offering a way to eliminate disease-driving proteins rather than just blocking them," remarked Flavius Martin, executive vice president of research at Gilead. "This mechanism aligns within our oncology scientific framework."While Kymera will lead all research activities for the CDK2 programme, Gilead may choose to exclusively license the programme, gaining global rights to develop, manufacture and commercialise all products resulting from the collaboration. Along with the upfront and exercise payments, the biotech is eligible for further milestones, as well as tiered sales royalties ranging from high single-digit to mid-teens. Sanofi chooses next-gen assetSeparately, Kymera disclosed that Sanofi — which has been a partner since 2020 — will move KT-485/SAR447971 into clinical studies next year, while a second candidate, KT-474/SAR444656, will not be advanced by the French drugmaker. Both oral therapies target IRAK4 for immuno-inflammatory diseases, with KT-474 having progressed into Phase II development for both atopic dermatitis and Hidradenitis suppurativa. However, Kymera said Wednesday that Sanofi will now prioritise KT-485 and exercise its option for the IRAK4 target under the terms of the companies' collaboration agreement."In preclinical testing, KT-485 demonstrated an improved target product profile as compared to KT-474. With greater potency and selectivity and a generally improved overall profile," explained Nello Mainolfi, CEO of Kymera.As part of the deal, Kymera achieved a $20 million milestone in the second quarter related to preclinical activities for KT-485, and is eligible to receive up to $975 million in further milestones.