Karo Bio Forms Research Collaboration with Pfizer
The collaboration aims to discover and develop novel small molecule RORgamma modulators for the treatment of autoimmune diseases.
Sweden's pharmaceutical company Karo Bio AB has entered into a research collaboration agreement with Pfizer Inc., to discover and develop novel small molecule RORgamma modulators for the treatment of autoimmune diseases.
Under the agreement, Pfizer will provide full funding for the research costs and have the exclusive right to market any products that may be developed as a result of the collaboration.
Karo Bio may receive up to USD $217 million in upfront and milestone payments in addition to potential royalty fees.
The nuclear hormone receptor RORgamma is a novel attractive target for the treatment of autoimmune diseases like rheumatoid arthritis, multiple scl
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