Boehringer buys option on Autifony Therapeutics' CNS technology
Privately-held drugmaker Boehringer Ingelheim has agreed a deal with Stevenage, UK-based Autifony Therapeutics related to the latter’s voltage gated potassium channel modulator platform.
Boehringer will pay 25 million euros ($30 million) upfront, with another 17.5 million euros dependent on certain short term milestones, in return for the option to buy the technology.
Included in the agreement is the lead compound AUT00206, a novel, orally-active small molecule that is currently being evaluated in two Phase Ib studies, including one in patients with schizophrenia.
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