Novartis Entered into a Collaboration and License Agreement with Dunad to Develop Oral Targeted Protein Degrader Therapies

November 3, 2021 Auto Bot Biotech, Novartis 0

Shots:

  • Dunad to receive $24M up front, equity investment, research funding & is eligible to receive ~$1.3B milestones along with royalties & will also be responsible for program execution up to lead optimization
  • Novartis gets an exclusive option to develop and commercialize the product that emerges from the research programs directed against up to 4 drug targets. If Novartis exercises its option, it will lead the development, manufacturing & commercialization globally of small-molecule therapeutic products against the targets
  • The agreement will utilize Dunad’s platform to produce novel oral covalent & protein degrading small molecule therapies across multiple target classes

Click here to­ read the full press release/ article | Ref: PR Newswire | Image: BioProcess International

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