Denali Therapeutics enters deal with Japanese major on neurodegenerative diseases

6 January 2018

Share of US biotech firm Denali Therapeutics (Nasdaq: DNLI) were up 4.48% at $16.80 on Friday, after announcing that it had entered into a strategic option and collaboration agreement with Japan’s Takeda Pharmaceutical (TYO: 4502) to develop and commercialize up to three specified therapeutic product candidates for neurodegenerative diseases.

Each program is directed to a genetically validated target for neurodegenerative disorders, including Alzheimer’s disease and other indications, and incorporates Denali’s ATV platform for increased exposure of biotherapeutic products in the brain.

Terms of collaboration

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