PeptiDream enters new license deal with Genentech
Japanese biopharma firm PeptiDream (TYO: 4587) saw its share rise almost 5% to 1,714 yen, after it revealed a potentially lucrative licensing deal with US biotech Genentech, subsidiary of Swiss pharma giant Roche (ROG: SIX).
Under the accord, PeptiDream will use its proprietary Peptide Discovery Platform System (PDPS) technology to discover, optimize, and develop macrocyclic peptide candidates for use as peptide-RI drug conjugates against targets of interest to Genentech. PeptiDream will lead early pre-clinical development before transitioning peptide-RI drug conjugate products arising from the collaboration to Genentech for further development and commercialization. PeptiDream will retain the right to develop and commercialize such peptide-RI drug conjugate products in Japan.
Financial terms
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