Monday, 20 November 2017

AstraZeneca ties up with German biotech Ethris

22 August 2017 | News

The alliance with AstraZeneca and its biotech division MedImmune will focus on asthma and other respiratory diseases.

Courtesy- wikimedia

Courtesy- wikimedia

AstraZeneca has invested €25million into gene messenger drug development, through a research tie-up with German biotech Ethris.

The drugmaker has agreed to pay Munich-based Ethris the sum upfront, with further payments and royalties possible depending on development progress.

Ethris, which was founded by two German scientists in 2009, specialises in RNA drugs, which instruct human cells to produce therapeutic proteins. The alliance with AstraZeneca and its biotech division MedImmune will focus on asthma and other respiratory diseases.

Scientists believe the RNA approach holds potential to treat a range of conditions, including cancer and heart disease.

It is not AstraZeneca’s first investment in the field. Last year the company invested a further $140 million in RNA specialist Moderna Therapeutics, upping its stake to 9pc.

AstraZeneca is looking to bounce back after a negative readout from its lung cancer drugs trial Mystic last month led to its biggest single day share price fall, wiping £10 billionn from the company’s market value.

Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account





Survey Box

Are Indian drug firms still cautious of executing big mergers & acquistions?

× Please select an option to participate in the poll.
Processing...   View poll results   More polls

× You have successfully cast your vote.
{{ optionDetail.option }}{{ optionDetail.percentage }}%
{{ optionDetail.percentage }}% Complete
More polls