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Venture firm Flagship Pioneering is looking to change the way it approaches business collaborations.

The firm has elevated operating partner Amanda Kay to a new role: chief business development officer. The idea is to get Flagship-founded companies to think about business development — licensing deals, research collaborations and even potentially mergers and acquisitions — in a more centralized way.

Flagship-founded companies have traditionally struck out more or less on their own. The startups…

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