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Serono, ZymoGenetics to develop proteins
15 Sep 2004
Executive Summary
In a deal that grew out of their 2001 collaboration on autoimmune therapeutics, Serono SA has licensed exclusive worldwide rights to three of ZymoGenetics's preclinical proteins: fibroblast growth factor 18 (FGF-18, for treating cartilage damaged by osteoarthritis or physical injury), interleukin 22 receptor (IL-22R, psoriasis), and interleukin 31 (IL-31, an anti-inflammatory for asthma, IBD, psoriasis, and potentially atopic dermatitis; ZG retains co-development and co-commercialization rights in the US for this one). For these projects, Serono will pay $11.25mm in up-front licensing fees, plus milestones that could exceed $100mm.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Large Molecule
Deal Status
- Final
Deal Type
-
Alliance
- Co-Promotion
- Includes Contract
- Includes Equity
- Includes Royalty or Profit Split Information
- R&D and Marketing (Licensing)
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