BELLUS Health buys IP rights, banishes royalties; AbbVie gets confirmatory data on accelerated AML drug
→ Canada’s BELLUS Health $BLU has bagged the remaining IP rights for its BLU-5937 and related P2X3 antagonists. The deal scraps the tiered royalty payments that would have been due to adMare BioInnovations’ NEOMED Institute. AstraZeneca assigned that to them in 2012. BELLUS Health exchanged 7.3% of its equity for the rights.
→ Schrödinger $SDGR has expanded its computational research collaboration with AstraZeneca. Already working on small molecule drug discovery, they’ll now also be “focused on refining a biologics modeling solution with the aim of speeding up the development of antibody and protein-based therapeutic candidates.”
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