Autifony Therapeutics, an independent biotech company formed in 2011 as a spin-out from GSK, (LSE: GSK) has announced a collaboration with Ireland-headquartered Jazz Pharmaceuticals (Nasdaq: JAZZ).
UK-based Autifony, which is focused on developing novel pharmaceutical treatments for rare CNS disorders and other serious brain diseases, could earn up to $770.5 million from the exclusive global licensing agreement, which is aimed at discovering and developing drug candidates targeting two different ion channel targets associated with neurological disorders.
"Jazz has an exceptional track record of rapidly advancing neuroscience development programs and effectively commercializing novel therapies"
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