Visterra Inks First Antibody Deal, With Pfizer Inc. (PFE)
9/11/2012 7:28:09 AM
Pfizer and Visterra inked a collaboration agreement focused on the discovery of therapeutic antibodies based on the latter’s platform for the identification of drug target sites and drug design. Under terms of the deal, which represents Visterra’s first pharmaceutical partnership, the firm will receive an up-front fee and research funding, plus research and development milestones and future sales royalties. “This collaboration further supports the potential utility of Visterra’s antibody design platform, and we look forward to collaborating with Pfizer while we continue to advance Visterra’s own internal product pipeline,” comments Visterra CEO Steven Brugger.
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