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BRIEF-Skyhawk Therapeutics Signs Agreement With Genentech To Develop Small Molecule RNA Splicing Modifiers For Oncology And Neurodegenerative Diseases

Published 2019-07-16, 08:28 a/m
BRIEF-Skyhawk Therapeutics Signs Agreement With Genentech To Develop Small Molecule RNA Splicing Modifiers For Oncology And Neurodegenerative Diseases
ROG
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July 16 (Reuters) - Roche Holding AG ROG.S :

* SKYHAWK THERAPEUTICS ANNOUNCES AGREEMENT WITH GENENTECH TO DISCOVER AND DEVELOP SMALL MOLECULE RNA SPLICING MODIFIERS FOR ONCOLOGY AND NEURODEGENERATIVE DISEASES

* SKYHAWK THERAPEUTICS - SKYHAWK WILL RECEIVE AN UPFRONT PAYMENT AND MAY BE ELIGIBLE FOR MORE THAN $2 BILLION OVER TIME

* SKYHAWK THERAPEUTICS - WILL USE SKYSTAR PLATFORM TO DEVELOP DRUG CANDIDATES DIRECTED TO MULTIPLE TARGETS FOR ONCOLOGY AND NEURODEGENERATIVE DISEASES

* SKYHAWK THERAPEUTICS - AGREEMENT GRANTS GENENTECH AN EXCLUSIVE WORLDWIDE LICENSE TO DEVELOP AND COMMERCIALIZE POTENTIAL THERAPEUTICS

* SKYHAWK THERAPEUTICS - GENENTECH WILL BE RESPONSIBLE FOR CLINICAL DEVELOPMENT AND COMMERCIALIZATION.

* SKYHAWK - DEAL ALSO INCLUDES ROYALTIES ON SALES OF COMMERCIALIZED MEDICINES

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