Servier could pay 320 million euros in Parkinson's tie-up
Independent drugmaker Servier has teamed up with fellow French company Oncodesign (Euronext: ALONC) to investigate a new line of research in Parkinson’s disease.
The collaboration will cover the development of LRRK2 kinase inhibitors in the condition, and will see Servier granted the option to exclusively license one or several drug candidates as soon as they are approved to enter Phase I trials.
"LRRK2 inhibitors have the potential to act directly on the progression of the disease"Servier will fund the entire program, paying Oncodesign 3 million euros ($3.4 million) upfront and potentially up to 320 million euros in total with milestone payments.
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