Vernalis and Servier in new cancer collaboration

6 March 2017

UK-based Vernalis (LSE: VER) and independent French drugmaker Servier have entered a new drug discovery collaboration to strengthen their existing partnership.

This new two-year oncology collaboration on an undisclosed target extends the existing collaborations between the companies, aimed at combining Vernalis’ proprietary fragment and structure-based drug discovery platform with the oncology expertise at Servier.

Vernalis will receive a 2 million euros ($2.1 million) upfront payment, fees, research milestones and a share in the downstream success of any products coming out of this new collaboration.

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