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Stock impact report

Ono Enters into a Drug Discovery Collaboration and Option Agreement with Shattuck Labs to Generate Bifunctional Fusion Proteins [Yahoo! Finance]

Shattuck Labs, Inc. (STTK) 
Company Research Source: Yahoo! Finance
it has entered into a drug discovery collaboration and option agreement with Shattuck Labs , Inc. ( Austin, Texas , USA; CEO: Taylor Schreiber ; "Shattuck") to generate bifunctional fusion proteins for pathways involved in autoimmune and inflammatory diseases. Under the terms of the agreement, Shattuck will generate fusion proteins for certain targets using its proprietary protein engineering technology and provide Ono with drug candidates for further optimization and clinical development. Ono will have an exclusive option right to develop and commercialize multiple potential drug candidates to be created through this collaboration worldwide. Ono will pay to Shattuck research funding, an up-front payment, milestones on the progress of research and development and commercialization, up to a total of $227 million , as well as tiered royalties based on net sales. These fusion proteins are designed to modulate two targets associated with autoimmune and inflammatory diseases. In pre-cl Show less Read more
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