Hybrigenics in licensing deal with Servier for oncology and other therapeutic fields

11 October 2011

French drug developer Hybrigenics (NYSE-Euronext: ALHYG) and Laboratoires Servier, the largest French privately-owned pharmaceutical company, have signed a licence and research collaboration agreement in the field of deubiquitinating enzymes (DUBs) applied to oncology, neurology, psychiatry, rheumatology, ophthalmology, diabetes and cardiovascular diseases.

Hybrigenics will identify and validate new targets among DUBs in these therapeutic areas. Hybrigenics will also screen potential therapeutic agents able to modulate four undisclosed targets, already chosen as exclusive DUBs of interest under the collaboration. Servier will provide the compounds to be screened, develop the selected compounds and commercialize the approved drugs. Hybrigenics’ activities under this collaboration may also lead to the discovery of companion diagnostics, potentially needed for such therapeutic drugs.

4 million euros up front and 9.5 million euros per target possible in milestones

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