Salute e Benessere
Sironax Grants Novartis Exclusive Option to Acquire its Brain Delivery Platform While Retaining Rights to Advance Selected Therapeutic Assets
"Effectively delivering therapeutics across the blood-brain barrier remains one of the most important challenges in drug discovery," said Robert Baloh , Global Head of Neuroscience, Biomedical Research at Novartis. "We're excited to enter into this agreement with Sironax to fully explore the promise of the BDM platform, leveraging our deep expertise and capabilities in neuroscience to bring forward next-generation therapies for patients in need."
Under the terms of the agreement, Novartis will evaluate the BDM platform within an option period. Upon option exercise, Novartis will acquire full global rights to the BDM platform. Sironax is eligible to receive up to $175 million in upfront and near-term payments.
Sironax is a clinical-stage biotech company focused on the discovery and development of transformational therapies that address the root causes of age-related diseases. The company tackles aging issue by targeting three core drivers: dysregulated cell death, uncontrolled inflammation, and disrupted energy homeostasis. To date, Sironax's breakthrough pipeline contains multiple first-in-class and/or potentially best-in-class programs at clinical stage. For more information, please visit our website https://www.sironax.com
This press release contains forward-looking statements related to the collaboration's potential benefits, which are subject to risks and uncertainties. Actual outcomes may differ based on technical, regulatory, and market factors.
Libin Shang, PhD
Vice President, Business Development and Public Affairs
Erik Kopp
Executive Director, Corporate Communications
PR@sironax.com
View original content:https://www.prnewswire.co.uk/news-releases/sironax-grants-novartis-exclusive-option-to-acquire-its-brain-delivery-platform-while-retaining-rights-to-advance-selected-therapeutic-assets-302500323.html