AstraZeneca inks up to $232 million deal for Synairgen's SNG001
Anglo-Swedish pharma major AstraZeneca (LSE: AZN) has signed a global licence accord with Synairgen, an AIM-listed UK company specializing in respiratory diseases, for SNG001, a novel, inhaled interferon beta (IFN-beta) in clinical development for treating respiratory tract viral infections in patients with severe asthma.
Under the terms of the exclusive licence agreement, AstraZeneca will pay Synairgen a $7.25 million up-front fee and potential development, regulatory and commercial milestones of up to $225 million. In addition, AstraZeneca will pay tiered royalties ranging from single-digit up to mid-teens on commercial sales. AstraZeneca will be responsible for future development costs. SNG001 supports the immune system by correcting a deficiency which makes patients vulnerable to respiratory tract viral infections.
Ph IIa trials to start early 2015
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