Drug Development Agreement Targets Migraine Treatments
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By LabMedica International staff writers Posted on 13 Dec 2015 |
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A British drug development company is teaming up with a major international pharmaceutical corporation to develop, commercialize, and manufacture treatments for migraine.
Heptares Therapeutics (Welwyn Garden City, United Kingdom), a wholly owned subsidiary of Sosei Group Corporation (Tokyo, Japan) and Teva Pharmaceutical Industries Ltd. (Petah Tikva, Israel) recently announced that they have entered into a licensing and drug-discovery agreement under which Teva will receive exclusive global rights to develop, commercialize, and manufacture novel, small-molecule calcitonin gene-related peptide (CGRP) antagonists discovered by Heptares for the treatment of migraine.
Under the terms of the agreement, Heptares will receive an upfront payment of 10 million USD, research funding, and is eligible to receive additional research, development, and commercialization milestone payments of up to 400 million USD. In addition, Heptares will be eligible to receive royalties on net sales of products resulting from the alliance.
“We are delighted to begin this partnership with Heptares, which through its industry-leading, structure-based design approach has generated novel CGRP antagonists with significant promise for treating migraine,” said Dr. Michael Hayden, president of global R&D and CSO at Teva. “CGRP antagonism represents an exciting opportunity to treat migraine. We believe small-molecule CGRP antagonists offer further opportunities that are highly complementary to our promising candidate, TEV-48125, an anti-CGRP antibody.”
“This agreement is an exciting development for our CGRP antagonist program,” said Malcolm Weir, CEO of Heptares. “Teva brings world-leading clinical and commercial expertise in migraine to advance this program based on differentiated small-molecule CGRP antagonists discovered using our novel structure-based drug design technologies. The commitment Teva is making allows us to expand this promising program.”
Related Links:
Heptares Therapeutics
Sosei Group Corporation
Teva Pharmaceutical Industries Ltd.
Heptares Therapeutics (Welwyn Garden City, United Kingdom), a wholly owned subsidiary of Sosei Group Corporation (Tokyo, Japan) and Teva Pharmaceutical Industries Ltd. (Petah Tikva, Israel) recently announced that they have entered into a licensing and drug-discovery agreement under which Teva will receive exclusive global rights to develop, commercialize, and manufacture novel, small-molecule calcitonin gene-related peptide (CGRP) antagonists discovered by Heptares for the treatment of migraine.
Under the terms of the agreement, Heptares will receive an upfront payment of 10 million USD, research funding, and is eligible to receive additional research, development, and commercialization milestone payments of up to 400 million USD. In addition, Heptares will be eligible to receive royalties on net sales of products resulting from the alliance.
“We are delighted to begin this partnership with Heptares, which through its industry-leading, structure-based design approach has generated novel CGRP antagonists with significant promise for treating migraine,” said Dr. Michael Hayden, president of global R&D and CSO at Teva. “CGRP antagonism represents an exciting opportunity to treat migraine. We believe small-molecule CGRP antagonists offer further opportunities that are highly complementary to our promising candidate, TEV-48125, an anti-CGRP antibody.”
“This agreement is an exciting development for our CGRP antagonist program,” said Malcolm Weir, CEO of Heptares. “Teva brings world-leading clinical and commercial expertise in migraine to advance this program based on differentiated small-molecule CGRP antagonists discovered using our novel structure-based drug design technologies. The commitment Teva is making allows us to expand this promising program.”
Related Links:
Heptares Therapeutics
Sosei Group Corporation
Teva Pharmaceutical Industries Ltd.
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