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REV-312 is a proteolysis-targeting chimera (PROTAC) protein degrader currently in Phase 1/2 clinical development for the treatment of immunological and oncological disorders. Developed by the biotechnology company REV, the asset was part of a $1.2 billion acquisition by a larger pharmaceutical manufacturer in February 2026. As a targeted protein degrader, REV-312 utilizes a bifunctional molecule to recruit an E3 ubiquitin ligase to a specific disease-relevant protein, marking it for degradation by the ubiquitin-proteasome system.
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