Shire Licenses CNS Drug
Heptares will receive an upfront option grant and exercise payments and is eligible to receive future development and commercial milestone payments of as much as $190 million, plus royalties on sales.
Shire PLC has exercised its exclusive option to license a novel adenosine A2A antagonist discovered by Heptares Therapeutics.
Adenosine A2A is a G-protein coupled receptor (GPCR) in preclinical development for the treatment of CNS disorders.
Heptares will receive an upfront option grant and exercise payments and is eligible to receive future development and commercial milestone payments of as much as $190 million, plus royalties on sales.
Jeff Jonas, senior vice president, R&D, Specialty Pharmaceuticals and Regenerative Medicine at Shire, said, “This agreement with Heptares is a reflection of our growth strategy of investing and focusing on highly
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