Skyhawk enters RNA targeting research collaboration with Ipsen
French drugmaker Ipsen (Euronext: IPN) says it has signed an exclusive worldwide collaboration with privately-held US biotech Skyhawk Therapeutics to discover and develop novel small molecules that modulate RNA for rare neurological diseases.
Ipsen’s shares rose 3.2% to 111.90 euros on the news released yesterday.
The agreement includes an option for Ipsen to acquire exclusive license for the worldwide rights to develop successful development candidates (DC). Following successful DC nomination, Ipsen will be responsible for all activities. Skyhawk’s unique platform accelerates building RNA-targeting small molecules across several therapeutic areas, including rare neurological diseases.
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