Merck Serono and Affectis Sign Licensing Agreement
Merck Serono will have worldwide exclusive rights to develop and commercialise selected compounds. The contract also includes a research collaboration focusing on P2X7 antagonist optimisation.
Merck Serono has signed an exclusive licensing agreement with Affectis Pharmaceuticals for the development and commercialisation of oral compounds targeting P2X7 receptors. These receptors are believed to be involved in neuroinflammation observed in some neurodegenerative diseases.
Under the terms of the agreement, Merck Serono will pay Affectis an upfront payment and research funding of €2.4m. The Munich, Germany based firm could also receive up to €277m in milestone payments for the first three products to emerge from the collaboration, as well as undisclosed royalties.
Merck Serono will have worldwide exclusive rights to develop and commercialise selected compounds. The contract also includes a research collaboration focusing on P2X7 antagonist optimisation. <
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