Bionomics in $172 million pain treatment deal with US pharma giant

1 August 2013

Australian biotech firm Bionomics (ASX: BNO) has entered an agreement with US pharma giant Merck & Co (NYSE: MRK) to discover and develop novel small-molecule candidates for the treatment of chronic pain, including neuropathic pain.

Under the terms of the agreement, Merck will have the option to exclusively license a compound from Bionomics for development and commercialization. In return, Bionomics could receive option exercise fees and development and regulatory milestone payments of up to $172 million.

Will use ionX discovery program

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