UCB and Synosia Therapeutics Sign Strategic Alliance in Neurology
UCB and Synosia Therapeutics announced today a new strategic partnership in neurology.
?Synosia grants UCB exclusive worldwide rights to an adenosine A2a antagonist (SYN-115) and rights to a second compound (SYN-118), both forpatients living with movement disorders such as Parkinson's disease
?UCB becomes an investor in Synosia
?UCB will take on late-stage development and commercialisation following completion of Phase II studies by Synosia
UCB and Synosia Therapeutics announced today a new strategic partnership in neurology. Synosia has granted UCB a license for exclusive, worldwide rights to the development compound SYN-115 and rights to a second compound, SYN-118, for non-orphan indications. Both are in Phase II clinical development for the treatment of Parkinson's disease.
Under the agreement, UCB will make an equity investment totalling USD 20 million as part of a Series C funding in Synosia. Synosia will also receive an undisclosed upfront payment and could receive potential regulatory and commercial milestone payments
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