Takeda gains exclusive global rights to gastroenterology candidate
Japanese drugmaker Takeda Pharmaceutical (TYO: 4502) and American biotech firm Finch Therapeutics today announced a global collaboration to jointly develop gastroenterological candidate FIN-524, a product in pre-clinical research.
FIN-524 is a live biotherapeutic product being developed to treat inflammatory bowel disease (IBD), a chronic condition which can cause pain, swelling, weight loss and extreme tiredness.
Under the terms of the agreement, Takeda will make an upfront payment of $10 million to Finch for the exclusive worldwide rights to develop and commercialize FIN-524 and rights to follow-on products in IBD.
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