Date: 2013-07-31
Type of information: R&D agreement
Compound: anticancer drugs that block the WNT signalling pathway and biomarkers
Company: Cancer Research Technology (CRT) (UK) The Institute of Cancer Research (UK) Merck Serono (Germany)
Therapeutic area: Cancer - Oncology
Type agreement: R&D development
Action mechanism:
Disease:
Details:
This deal grants Merck Serono the rights to develop molecules discovered through a recently-completed four-year research collaboration between Merck Serono, CRT, The Institute of Cancer Research (ICR) and Cardiff University. At the same time the ICR, CRT and Merck Serono are signing a new two-year major collaboration to progress the existing compounds towards candidates for clinical trials and design further molecules to target the WNT signalling pathway. The work will also involve identifying biomarkers for target inhibition and patient selection. The new drug discovery work will be carried out by scientists at the ICR in London and at Merck Serono’s headquarters in Darmstadt with some financial support from Cancer Research UK.
Financial terms: Merck Serono will pay an upfront license fee to CRT and make further payments to CRT upon reaching development milestones. Merck Serono will also pay royalties from potential future drugs. CRT will share revenue with the ICR and Cardiff University.
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