Germany’s Bayer (BAYN:DE) has entered into an exclusive licensing agreement with privately-held Dewpoint Therapeutics for a heart disease program to treat dilated cardiomyopathy (DCM) patients, who are characterized through carrying specific mutations.
Bayer noted that this is the first option exercise under the research collaboration between Bayer and Dewpoint Therapeutics, which began in November 2019. It leverages Dewpoint’s proprietary platform for biomolecular condensates and Bayer’s small molecule R&D capabilities to develop new treatments for cardiovascular and renal diseases.
Dewpoint Therapeutics has also secured a significant research and development deal with Denmark’s Novo Nordisk (NOV: N), worth up to $690 million, on the identification of drug candidates to treat insulin resistance and diabetic complications. It also has an exclusive collaboration with Merck & Co (NYSE: MRK), for the development of a new mechanism for the treatment of HIV.
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