Anti-Cancer Program Originating from LDC Reaches Clinical Trials
First LDC-lead structure successfully progressed by Bayer Pharma AG into clinical study phase
This is the first example of a program initiated and developed up to a lead structure stage by the LDC and its academic partners to progress into “First-in-Man” clinical trials. The licensed program included a lead structure from a chemical series of selective kinase inhibitors with potential for improving cancer treatment originally discovered by LDC. This lead structure was further optimized by Bayer scientists to provide a candidate suitable for clinical development.
According to the partners’ agreement, the LDC receives an additional predefined payment on achievement of this milestone. The revenues will be shared with the LDC’s academic partners and the Max-Planck-Förderstiftung, which co-funded the early project development. Milestone payments to LDC may aggregate up to 82.5 million Euros in development milestones and up to 55 million Euros in sales milestones. In addition, LDC is eligible to receive royalty payments on net sales of products once marketed.
Most read news
Topics
Organizations
Other news from the department research and development
Get the life science industry in your inbox
From now on, don't miss a thing: Our newsletter for biotechnology, pharma and life sciences brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.