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Business
Plexxikon will partner with Roche, Servier
October 9, 2006
| A version of this story appeared in
Volume 84, Issue 41
Plexxikon and Roche have entered a partnership to develop PLX4032, a Plexxikon cancer therapy that is slated for a Phase I clinical trial by the end of the year. Roche will pay Plexxikon $40 million up front and another $6 million in research funding. Plexxikon could receive up to $660 million if all milestones are reached. Separately, Plexxikon has entered a cardiovascular collaboration with the French drug company Servier focused on nonpeptidic inhibitors of renin. This deal could be worth as much as $100 million for Plexxikon.
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