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Article: Hydra Biosciences and Cubist Form Collaboration to Develop Novel Ion Channel Drugs for Pain Management.
- Article from:
- Chemicals & Chemistry Business
- Article date:
- November 6, 2009
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Hydra Biosciences announced that they have entered into an agreement with Cubist Pharmaceuticals, Inc. (NASDAQ: CBST) for a joint collaboration to develop novel ion channel drugs. The deal focuses on Hydra's research and development program for ion channel compounds that target the TRPA1 receptor, which is believed to have an important role in pain management.
Under the terms of the agreement, Hydra receives an upfront payment of $5 million from Cubist. The agreement allows for Cubist to support Hydra's internal development on the TRPA1 program by providing $5M in research and development funding per year for two years, with an option to renew. The joint ...