Catalent collaborates with Roche on SMARTag technology
US firm Catalent (NYSE: CTLT), through its wholly owned subsidiary Redwood Bioscience, has signed a research collaboration with Swiss pharma giant Roche (ROG: SIX) to develop next-generation molecules coupling different therapeutic modalities using Catalent's proprietary SMARTag technology.
Roche will gain non-exclusive access to the SMARTag platform and will have an option to take commercial licenses to develop molecules directed to a defined number of targets. Use of SMARTag, Catalent’s programmable protein-modification technology, combined with the highly stable hydrazino-Pictet-Spengler (HIPS) conjugation platform, will permit evaluation of alternative sites of drug conjugation so that Roche may develop molecules optimized for efficacy, safety and stability.
Financial terms include potential $618 million in milestones
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