New partnership to tackle threat of superbugs

25 April 2019

West Coast, USA-based Forge Therapeutics has inked a deal with Switzerland's Basilea Pharmaceutica (SIX: BSLN) to discover, develop, and commercialize novel antibiotic classes.

The firms will apply Forge's proprietary BLACKSMITH metalloenzyme chemistry platform to develop inhibitors against two antibiotic targets.

Basilea will make an upfront payment, as well as undisclosed development and sales milestone payments of up to $167 million per target, plus royalties.

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