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Evotec, Chinook Therapeutics Ink Development Pact For Chronic Kidney Diseases Therapies

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Chinook Therapeutics Inc (NASDAQ: KDNY) and Evotec SE (OTCMKTS: EVTCY) have collaborated for the discovery and development of precision medicine therapies for patients with chronic kidney diseases (CKD).

  • Based on Evotec's proprietary comprehensive molecular datasets, Chinook and Evotec will jointly identify, characterize and validate novel mechanisms and discover and develop precision medicines.
  • The collaboration will utilize Evotec's PanOmics platform, which combines throughput proteomics, high throughput transcriptomics, and cell imaging with PanHunter, its data analysis platform.
  • Chinook will contribute drug discovery and development programs to the collaboration targeting rare kidney diseases such as IgA nephropathy and glomerular diseases.
  • Under the terms of the agreement, Chinook and Evotec will share drug discovery and pre-clinical development responsibilities.
  • Chinook will be responsible for the clinical development and commercialization of product candidates.
  • Evotec will receive an undisclosed upfront payment, research funding, milestone payments, and tiered sales-based royalties.
  • Price Action: KDNY shares closed 1.7% higher at $16.54, and EVTCY closed 0.8% lower at 77.45 on Friday.
 

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Posted-In: Chronic Kidney DiseaseBiotech M&A News Health Care Contracts Small Cap General

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