Genentech terminates deal with Relay Therapeutics
US clinical-stage precision medicines company Relay Therapeutics (Nasdaq: RLAY) announced in a Securities and Exchange Commission (SEC) filing that it has received notice of termination of the collaboration and license agreement with Genentech, dated December 11, 202.
Genentech, the US biotech subsidiary of Swiss pharma giant Roche (ROG: SIX), elected to terminate the agreement without cause, and the termination will become effective 180 days after the date of receipt of the notice of termination, said Relay.
Under the agreement, Relay and Genentech collaborate on the development and commercialization of RLY-1971 (now referred to as migoprotafib or GDC-1971), the company’s oral, small molecule inhibitor of Src homology region 2 domain-containing phosphatase-2.
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