Novartis, Teijin Pharma ink pact for preclinical candidate for proteinuric kidney diseases

Teijin Pharma will receive an upfront cash payment of USD 30 million from Novartis and is eligible to receive potential development and commercial milestone payments of up to USD 200 million.

Published On 2023-03-08 10:00 GMT   |   Update On 2023-03-08 10:00 GMT
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Tokyo: Teijin Pharma Limited, the core company of the Teijin Group’s healthcare business, has announced that it has entered into an exclusive global license agreement with Novartis to research, develop, manufacture and commercialize an investigational preclinical candidate for proteinuric kidney diseases.

The investigational small molecule candidate was discovered at the Teijin Institute for Bio-medical Research, Teijin Pharma’s drug development base in Tokyo. The candidate acts in a genetically validated pathway and is believed to impact the pathogenesis of multiple kidney diseases.

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Under the terms of the license agreement, Teijin Pharma will grant Novartis exclusive worldwide rights to research, develop, manufacture and commercialize the candidate for all potential indications. Teijin Pharma will receive an upfront cash payment of USD 30 million from Novartis and is eligible to receive potential development and commercial milestone payments of up to USD 200 million. Teijin Pharma is further eligible to receive additional sales milestones and tiered annual net sales royalties. 

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Teijin is a technology-driven global group offering advanced solutions in the fields of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Originally established as rayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing three core business domains: high-performance materials including aramid, carbon fibers and composites, and also resin and plastic processing, films, polyester fibers and products converting; healthcare including pharmaceuticals and home healthcare equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing care and pre-symptomatic healthcare; and IT including B2B solutions for medical, corporate and public systems as well as packaged software and B2C online services for digital entertainment.
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