Sosei inks potential billion dollar GPCR deal
Japan’s Sosei Group Corp (TYO: 4565) has entered into a multi-target research collaboration and license agreement with Genentech, the US biotech subsidiary of Swiss pharma giant Roche (ROG: SIX), to discover and develop novel medicines (new small molecules and/or biologics) that modulate G protein-coupled receptor (GPCR) targets of interest to Genentech.
Under the terms of the deal, the collaboration will combine the proprietary GPCR-focused structure-based drug design capabilities at Sosei Heptares with Genentech’s discovery, development and therapeutic area expertise directed towards multiple GPCR targets nominated by Genentech. The nominated targets represent promising new therapeutic intervention points across a range of diseases.
Genentech will be responsible for developing and commercializing potential new medicines for each novel target and will have exclusive global rights to these agents.
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