PeptiDream out-licenses PDPS technology

13 June 2017

PeptiDream (TYO: 4587 has entered into a technology license agreement with fellow Japanese drugmaker Shionogi (TYO: 4507), to non-exclusively license PeptiDream’s proprietary Peptide Discovery Platform System (PDPS) technology.

Under the terms of the accord, PeptiDream will receive an undisclosed upfront payment, additional technology access payments, and is eligible to receive payments based on achievement of certain predetermined development milestones for any constrained peptides and/or small molecules discovered from use of the PDPS technology. In addition, PeptiDream is eligible to receive royalties on sales of certain products that arise from use of the PDPS technology.

Similar to the previous four technology license agreements, work on peptide-drug conjugates (PDCs) is not included in the non-exclusive license.

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