Bicycle Therapeutics Plc has entered into a collaboration with Genentech, a member of the Roche Group, to develop new therapies for cancer using its short peptide technology. The deal is potentially valued at up to $1.7 billion, giving the 11-year old company significant new resources to develop its technology. The company’s scientific founders are Gregory Winter, who invented a technique for humanising mouse monoclonal antibodies, and Christian Heinis, a researcher in the field of peptide therapeutics.