Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Prothena, Roche Initiate Development Pact | Contract Pharma

What are you searching for?

Sign in
Breaking News, Collaborations & Alliances

Prothena, Roche Initiate Development Pact

Triggers $30 million upfront payment from Roche

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

Prothena Corp., under its license, development, and commercialization agreement with Roche, will receive the $30 million upfront payment from Roche, triggered by the expiration of the Hart-Scott-Rodino waiting period. The companies entered the worldwide collaboration in December 2013 to develop and commercialize antibodies that target α-synuclein, including PRX002, Prothena’s monoclonal antibody for the treatment of Parkinson’s disease, which is currently in preclinical development and is expected to enter Phase I trials this year.
 
“This initial payment of $30 million marks the beginning of Prothena’s collaboration with Roche, to co-develop and potentially co-commercialize PRX002,” said Dale Schenk, Ph.D., president and chief executive officer of Prothena. “Prothena and Roche aim to develop PRX002 as a disease modifying treatment for Parkinson’s disease and potentially other synucleinopathies, and so we very much look forward to working with Roche to initiate Phase I studies for PRX002 in the coming months.

Add us as a preferred source on Google

Get the latest Contract Pharma news, insights and analysis in your Google Search and AI experiences.

Add Contract Pharma as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters

Topics