Belgian G-protein coupled receptor (GPCR) company Confo Therapeutics revealed today that it has entered a collaboration agreement with Japan’s Daiichi Sankyo (TYO: 4568) for the discovery and development of small molecule agonists against an undisclosed target associated with CNS diseases.
The news comes just weeks after Confo signed a deal potentially worth more than $600 million with US pharma major Eli Lilly (NYSE: LLY) for its clinical stage CFTX-1554 and back-up compounds.
The accord provides for Confo to lead the discovery process deploying its GPCR platform to generate lead series of small molecule compounds. Daiichi Sankyo has an exclusive option to acquire a worldwide exclusive license for the resulting compounds and advance them towards clinical development and commercialization. In return, Confo has the potential to receive upfront payments, development and commercial milestones totaling 168 million euros ($182 million) and royalties.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze