Celgene Signs an Exclusive Worldwide License Agreement with Skyhawk to Develop Therapies Modulating RNA Splicing
Shots:
- Skyhawk to receive $80M up front- milestones- and royalties on sales. Celgene to get exclusive WW option to license IPR for the number of Skyhawk's candidates targeting multiple autoimmune disorder- oncology- and immuno-oncology targets. Post option exercising- Celgene will be responsible for further development and commercialization of products
- In 2018- the companies collaborated to discover and develop therapies utilizing Skyhawk’s STAR technology platform for the treatment of autoimmune disorders- oncology- and immuno-oncology diseases
- Skyhawk’s SkySTAR (Small molecule Therapeutics for Alternative splicing of RNA platform) allows identifying of druggable sites and unique chemical matter for correcting mRNA mis-splicing resulting in novel therapies
Click here to read full press release/ article | Ref: PRNewswire | Image: Behance
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