Printer Friendly

HitGen signs drug development licence agreement with Kaken.

M2 EQUITYBITES-April 11, 2019-HitGen signs drug development licence agreement with Kaken


Chinese biotech company HitGen Inc said on Wednesday that it plans to develop a novel class of drugs under a licence agreement with Kaken Pharmaceutical Co Ltd, a pharmaceutical company in Japan.

The licensed compounds were identified using HitGen's technology platform, which included screening large DNA encoded libraries, containing over 400bn of small molecules with drug-like properties synthesized on chemically diverse scaffolds.

As part of the licence agreement, a number of novel small molecule leads for an undisclosed target were nominated by Kaken.

Pursuant to the collaborative agreement, HitGen will provide the exclusive rights to Kaken for further development and commercialisation and will be eligible for preclinical and clinical milestone payments from Kaken as the project progresses, in addition to upfront licence fee.

((Comments on this story may be sent to

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Apr 11, 2019
Previous Article:Williams divests 50% interest in Jackalope Gas Gathering Services LLC.
Next Article:Public Storage prices public offering of USD500m senior notes due 2029.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters