J&J joins forces with Aldeyra on anti-inflammatory diseases
US biotech firm Aldeyra Therapeutics (Nasdaq: ALDX) has entered into a research agreement with Janssen Research & Development, one of the Jansen subsidiaries of healthcare giant Johnson & Johnson (NYSE: JNJ). The agreement was facilitated by Johnson & Johnson Innovation.
Under the terms of the agreement, Aldeyra will collaborate with Janssen on research activities, which will be governed by a joint scientific review committee. For a limited period, subject to certain conditions, Janssen will retain an option to negotiate an exclusive license pertaining to compounds developed during the collaboration.
No financial terms of the collaboration were disclosed, but shares of Aldeyra edged up 2.6% $7.90 in morning trading.
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