Bayer AG taps PeptiDream in billion-dollar deal
Continuing to beef up its pipeline in the wake of this year’s string of R&D deals, Bayer AG has become the latest Big Pharma partner to team up with Japan’s PeptiDream.
Bayer is paying PeptiDream an undisclosed upfront payment, and could fork over as much as $1.11 billion in milestone payments for help discovering and developing peptide therapeutics.
As part of the deal, PeptiDream will use its platform tech to identify macrocyclic/constrained peptides against multiple targets of interest selected by Bayer, and optimize hit peptides into therapeutic peptides or small molecules. Bayer will have the right to develop and commercialize all compounds resulting from the collaboration.
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