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BioArctic and Novartis sign agreement for BrainTransporter ~$802M

Shots:BioArctic has entered into an option, collaboration, and license agreement with Novartis to develop a neurodegeneration treatment using BrainTransporterAs per the deal, BioArctic receives $30M upfront and could earn up to $772M in milestones plus tiered mid-single-digit royalties if Novartis licenses and commercializes the drugBioArctic will develop a drug candidate using BrainTransporter and a Novartis…

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Ono & Reborna Biosciences 

Ono Enters into an Option Agreement with Reborna Biosciences for RNA-Targeting Small Molecule to treat CNS Disorders

Shots:Ono Pharmaceutical entered into an option agreement to obtain exclusive rights for identified small-molecule compounds developed by leveraging Reborna’s proprietary RNA-targeting drug discovery platformFurthermore, the companies will collaborate to discover small molecule drug candidates for mutually selected rare neurological disordersUpon exercising the option, Ono will gain exclusive worldwide rights to develop, manufacture, and…

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