Vertex collaborates with Q-State Biosciences
US drugmaker Vertex Pharmaceuticals (Nasdaq: VRTX) has entered into a collaboration with US drug discovery company Q-State Biosciences to develop drugs using the latter’s novel Optopatch platform.
Under the terms of the deal, Q-State will receive upfront and research support, and is eligible to receive research, development and sales milestones, and royalties on drug sales. The companies will collaborate for at least two years. Further financial terms were not disclosed.
Vertex’ shares climbed 2.37% 6o $162.12 by close of trading on Wednesday following the announcement.
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