Sector News

Pheno and UCB reveal neurodegenerative disease programme agreement

January 14, 2023
Life sciences

Pheno Therapeutics (Pheno)– a company focused on the development of small molecule therapeutics for the treatment of neurological diseases – has announced that it has entered into an exclusive worldwide licence agreement with UCB.

It involves a preclinical small molecule programme designed to selectively modulate the activity of an undisclosed target that is expressed on human oligodendrocytes and is known to play a critical role in the biological pathway of myelination. The agreement enables Pheno to further develop, commercialise and manufacture treatments emerging from the programme.

Dhaval Patel, UCB’s chief scientific officer, commented: “Licence agreements like this are a demonstration of the value UCB scientists and our partners are creating through strong research productivity, and we are confident that Pheno, with its expertise in phenotypic screening, stem cell technology and myelin biology, will develop this preclinical programme to its full potential,”

Fraser Murray, chief executive officer at Pheno, reflected: “Pheno utilised its proprietary human phenotypic screening platform to discover novel and tractable therapeutic targets to modulate oligodendrocyte biology and promote remyelination. This licence allows us to accelerate a promising drug target towards clinical development.”

He added: “Together with our human neurological drug development expertise, there is significant opportunity for Pheno to fast-track this programmr towards clinical proof-of-concept studies and potentially deliver transformational drugs for the treatment of demyelination diseases.”

Meanwhile, Pheno will make a one-time upfront payment and will be responsible for development, manufacturing and global commercialisation and UCB will receive milestones and tiered royalties on net sales. Further financial details of the agreement were not disclosed.

by John Pinching

Source: pharmatimes.com

comments closed

Related News

February 4, 2023

MedTrace receives U.S. patent for diagnosing the human heart

Life sciences

The U.S. Patent and Trademark Office issued a patent to MedTrace for their method of diagnosing the human heart via 15O-water PET. The patented method is the foundation of the company’s software aQuant, currently under development. Hendrik “Hans” Harms, PhD and Senior Scientist at MedTrace, and Jens Soerensen, Professor and Clinical Advisor to MedTrace, are the originators of the method.

February 4, 2023

Roche taps insider Teresa Graham for top pharma job as setbacks prompt M&A questions

Life sciences

Teresa Graham, currently head of global product strategy for Roche pharma, will become the division’s new CEO next month, Roche said Thursday. Simultaneously, Roche is elevating Levi Garraway, chief medical officer, to the executive committee.

February 4, 2023

J&J’s pharma group quietly works through global overhaul, with layoffs expected to reach multiple countries

Life sciences

Fierce Pharma has obtained internal documents and video of a town hall meeting conducted this week describing what J&J called a “comprehensive review” of its portfolio. Moving forward, J&J plans to operate its vaccines and infectious diseases outfits as one group, the executives explained.

How can we help you?

We're easy to reach