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Daiichi Sankyo, NGM partner up
May 2012
SHARING OPTIONS:
TOKYO—The end of March saw Daiichi Sankyo Co. Ltd. and NGM
Biopharmaceuticals Inc. announcing a research collaboration and license
agreement for the discovery and development of novel therapeutics that modulate
beta-cell regeneration as a treatment for diabetes. Per the agreement, NGM will
receive an upfront payment and committed research funding for the length of the
partnership, and will use its integrate discovery technology and in-vivo screening platform to identify potential metabolic
targets. NGM also stands to receive milestone payments based on the achievement
of research, development, regulatory and commercial goals, as well as royalties
on product sales. The agreement grants Daiichi Sankyo an exclusive worldwide
license to develop and commercialize compounds that result from the
collaboration. Daiichi Sankyo will be responsible for preclinical studies,
clinical development, manufacturing and commercialization on a worldwide basis. Back |
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