Business Standard

Tuesday, December 24, 2024 | 08:23 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sanofi collaborates Warp Drive Bio to develop oncology therapies and antibiotics

Under the terms of the agreement, new collaboration will provide Warp Drive funding and milestones in excess of $750 million

Sanofi's vial filling line; Credits: Celine Clanet of Interlinks Image

Sanofi's vial filling line; Credits: Celine Clanet of Interlinks Image

BS B2B Bureau Paris, France
Sanofi has extended its existing collaboration with Warp Drive Bio, a privately held biotechnology company using the molecules and mechanisms of nature to discover and develop transformative medicines, for utilising Warp Drive’s proprietary SMART (small molecule assisted receptor targeting) and genome mining platforms to discover novel oncology therapeutics and antibiotics.
 
Sanofi, who has been a major investor and strategic partner since Warp Drive’s inception in 2012, and Warp Drive have entered into a research collaboration and exclusive license focused on the development of drugs targeting important human oncogenes including RAS, which has one of the highest mutation rates in cancer - and new antibiotics targeting gram-negative bacteria. Warp Drive Bio retains the rights to deploy its platforms to pursue discovery and development against all other targets, both alone and in collaboration with other companies.
   
The collaboration is an outgrowth of Sanofi’s Sunrise initiative, a strategic partnership model that seeks to invest in early stage opportunities that align with Sanofi’s expert development and commercialization abilities. “Our partnership with Warp Drive is a perfect example of open innovation which allows Sanofi to collaborate with innovative companies and combine unique areas of expertise to advance drug development in a meaningful way. This is an exciting collaboration for Sanofi as it could yield potentially lifesaving oncology and antibiotic therapies for patients by utilising cutting-edge technology platforms,” said Elias Zerhouni, president, Sanofi, global R&D.
 
Under the terms of the agreement, Warp Drive will lead the research collaboration for a period of five years and Sanofi will receive worldwide exclusive licenses to develop and commercialise the candidates discovered during the research term.
 
Warp Drive is eligible to receive from Sanofi cumulative payments in excess of $750 million across four successful collaboration programs, including an equity investment by Sanofi, research, clinical, and regulatory milestones, and research and development services.
 
"This reshaped alliance enables joint and independent product development by Warp Drive, an important step in our evolution as we advance a therapeutic pipeline using our proprietary platforms,” said Laurence Reid, chief executive officer, Warp Drive Bio.
 
The companies will initially focus on three defined oncology programs targeting different mutants and states of the RAS oncogenic protein. Warp Drive has the option to lead development of the therapeutic candidates from post IND filing up to phase 2 clinical studies, with Sanofi leading development through the filing of new drug applications. Sanofi will lead global commercial activities on products resulting from the collaboration and Warp Drive has the option to co-commercialise oncology therapeutics in the US market. Sanofi will manage all ex-US commercial activities and Warp Drive will receive commercial milestones and tiered royalties on product sales.
 
The antibiotic collaboration will focus on the discovery and development of novel gram-negative therapeutics and Sanofi will lead all development activities. Sanofi will be responsible for global commercialisation of the antibiotic products and will pay Warp Drive research, clinical, and regulatory milestones, plus tiered royalties and commercial milestones based on global sales.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 12 2016 | 2:33 PM IST

Explore News