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PharmAkea and Celgene expand collaboration

Published 11/18/2016, 07:48 AM
PharmAkea and Celgene expand collaboration
CELG
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  • San Diego, CA-based biopharmaceutical outfit PharmAkea expands its strategic collaboration with Celgene (NASDAQ:CELG) focused on discovering small molecule drugs to treat fibrotic diseases. The original three-year partnership was inked in October 2013.
  • Under the terms of the new agreement, PharmAkea will receive $9M to extend the collaboration for nine months. It is currently currently conducting early-stage studies of a small molecule LOXL2 inhibitor and is preparing to enter Phase 1 development with an Autotaxin inhibitor.


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