Strategic Initiative

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Takeda and enGene Establish Strategic Alliance to Develop Novel Therapeutics for Gastrointestinal Diseases

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Additional Information

Additional Relevant Details Under the terms of the agreement, enGene will develop up to two undisclosed targets selected by Takeda through pre-clinical proof of concept and IND enabling studies. At that point, Takeda will have an option to exclusively license the global rights for the product candidates. Following option exercise, Takeda will be responsible for all clinical development and commercialization of those products. enGene will receive an upfront payment and reimbursement of all R&D costs incurred during the development of the selected targets. In addition, enGene is eligible to earn milestone payments for the product candidates based on accomplishment of specific research, clinical, regulatory and commercial milestones. enGene also will receive tiered royalties on future net sales of the collaboration products. Further details of the agreement were not disclosed. Takeda will also collaborate with enGene in developing Gene Pill into a platform for oral delivery of antibodies. Takeda has the exclusive option to obtain a right of first negotiation for up to three antibody targets.
http://www.takeda.co...
Slingshot Insights Explained
Strategic Initiative Date
Announcement Date:
Jan 12, 2016
Projected Implementation:
Q1, 2016
Relevance Tracked Until:
Q4, 2016
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Related Keywords Gastrointestinal Diseases, Gene Pill, Non-viral Vector Platform, Exclusive License, Gastroenterology