Merck Serono Creates New Spin-off Company
Merck Serono's first spin-off company under its Entrepreneur Partnership Programme will focus on Parkinson's disease.
Merck Serono has announced the creation of the first spin-off company from its Entrepreneur Partnership Programme, which was launched in April 2012.
Prexton Therapeutics is backed by initial funding of EUR2.1 million from Merck Serono and will focus on programmes targeting the metabotropic glutamate receptors mGluR3 and mGluR4 in Parkinson's disease.
The new company will be staffed by experienced Merck Serono scientists and will concentrate on a portfolio of chemical compounds from the company's earlier pre-clinical research.
Based in Geneva, Prexton will take compounds up to phase-I clinical development, before seeking partnership and licensing opportunities.
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