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Article: Scynexis, Merial Enter Potential $150M Animal Health Partnership.
- Article from:
- BIOWORLD Today
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff Writer
Chemistry-focused drug discovery and development company Scynexis Inc. could receive up to $150 million in research funding in a potential 15-year deal with animal health company Merial Ltd.
It is the first partnership for Scynexis involving the development of animal products, though the Research Triangle Park, N.C.-based company has entered a number of service and collaboration deals since its formation in July 2000. In addition to the $150 million - which includes an up-front payment - Scynexis also could receive milestone and royalty payments from products.
There was "a combination of factors that made this deal happen," said ...