PolyTherics Initiates New Research and Option Agreement with Top Ten Pharmaceutical Company
PolyTherics receives an upfront licence fee as well as payment on achievement of pre-defined programme milestones. The collaborator receives an option to negotiate for a license to the collaboration intellectual property to develop and commercialise novel products. Further details of the agreement terms were not disclosed.
Dr Keith Powell, Chief Executive Officer of PolyTherics, said: “With large pharma companies clearly committed to developing biologics as drugs, we are seeing considerable interest in technologies that serve the need for optimized pharmacokinetic half-life. This new feasibility study builds on PolyTherics’ proven achievements applying its PEGylation technologies to antibody fragments to enhance therapeutic performance”.
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