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Wednesday, November 17, 2010

Forma collaborating with Eisai in $20M+ deal

By Michelle Lang

Cambridge small-molecule therapeutics developer Forma Therapeutics Inc. has signed a drug discovery collaboration agreement with Eisai Inc., the U.S. subsidiary of Tokyo pharmaceutical firm Eisai Co. Ltd.

As part of the deal, Forma will receive $20 million in upfront payments and funding from Eisai, as well as future milestone payments and royalties on products developed by Eisai that stem from the Forma collaboration.

The agreement calls for Eisai to have non-exclusive access to Forma’s Diversity Oriented Synthesis (DOS) chemistry, as well as its cell-based screening platforms.

Forma has used its DOS technology in another collaborative agreement with Emerald BioStructures, as it noted in its June partnership announcement.



 

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