Sosei Heptares Receives $3.75M as a Part of its Multi-Target Agreement with Genentech
Shots:
- As part of the 2019 multi-target research collaboration & license agreement between Sosei Heptares & Genentech, Sosei will receive a milestone payment of $3.75M following which Genentech will be held responsible for the development & marketing of the GPCR targeting products (small molecules and/or biologics) for undisclosed therapy areas
- As per the agreement, Sosei is eligible to receive up to ~1B as milestone payments upon achieving pr-specified research, development & commercialization events
- The collaboration leverages Sosei’s proprietary GPCR-focused structure-based drug design capabilities along with Genentech’s discovery, development & therapeutic area expertise directed towards multiple GPCR targets selected by Genentech
Ref: Sosei Heptares | Image: Sosei Heptares
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Shivani was a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She was covering news related to Product approvals, clinical trial results, and updates. We can be contacted at connect@pharmashots.com.
