Eisai enters inks research collaboration with Seed Thera

Seed Therapeutics, a BeyondSpring (Nasdaq: BYSI) spin-off, has inked a collaboration with Japan’s Eisai (TYO: 4523) to discover, develop and commercialize novel molecular glue degraders for multiple undisclosed neurodegeneration and oncology targets.

Concurrently, USA-based Seed has launched Series A-3 financing with a first close of $24 million from investors led by Eisai. A second close is targeted for fourth-quarter 2024

Seed will lead pre-clinical discovery activities for the selected targets, including E3 ligase selection and identification of the appropriate molecular glue degraders. Eisai will have exclusive rights to develop and commercialize compounds derived from this collaboration.

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