Epistem Announces Research and Development Collaboration with a Major Pharmaceutical Company
News Mar 23, 2009
The collaboration combines Epistem’s stem cell expertise and drug discovery program, with Novartis’s insights into disease pathways & bioinformatics.
Under the terms of the agreement, Novartis will pay Epistem an upfront cash payment of $4.0m and will provide research funding for 2 years. Novartis has an option to exclusively license targets for development of biotherapeutic products in exchange for license fees, milestone payments and royalties. For each product developed from targets licensed under the agreement, Epistem is eligible to receive up to $45.0 million in milestones. Furthermore, if
leads are commercialized Epistem is eligible to receive tiered royalties on worldwide sales.
Matthew Walls, Epistem CEO, commented: “The collaboration will enable us to accelerate the development of our existing targets with a world class pharmaceutical collaborator and to jointly explore disease opportunities in regenerative medicine”.
Dr Jeffrey Moore, Novel Therapies Division Managing Director said: The collaboration will leverage each group’s strengths to make novel discoveries leading to advances in treating unmet medical needs across several disease areas.
Bumblebee Threats Tested in 'Virtual Safe Space'News
The many threats facing bumblebees can be tested using a “virtual safe space” created by scientists at the University of Exeter. Bumble-BEEHAVE provides a computer simulation of how colonies will develop and react to multiple factors including pesticides, parasites and habitat loss.READ MORE
Lab Innovations returns to the NEC, Bimingham , UKNews
Save the date for the UK’s only lab-dedicated exhibition showcase!READ MORE
Comments | 0 ADD COMMENT
International Conference on Biobetters and Regulatory Affairs
Jun 27 - Jun 28, 2018